KRA Nil Returns Made Easy: A Step-by-Step Guide for Hassle-Free Filing

KRA Nil Returns

Filing nil returns with the Kenya Revenue Authority (KRA) is a straightforward process, but it is important to understand the requirements and procedures to ensure compliance.

In this article, we will provide a step-by-step guide on how to file nil returns for individuals and businesses in Kenya.

How to File Nil Returns for Individuals

  • Go to the KRA iTax portal at https://itax.kra.go.ke
  • Log in to your account using your KRA PIN and password
  • Click on the “File Returns” tab
  • Select “Nil Returns” from the list of returns
  • Fill in the required information and upload any supporting documents
  • Review and submit your nil return

How to File Nil Returns for Businesses

  • Go to the KRA iTax portal at https://itax.kra.go.ke
  • Log in to your account using your KRA PIN and password
  • Click on the “File Returns” tab
  • Select “Nil Returns” from the list of returns
  • Fill in the required information and upload any supporting documents
  • Review and submit your nil return

READ: How to File KRA Returns Using P9 Form

Who is Required to File Nil Returns

All individuals and businesses with a KRA PIN are required to file nil returns if they have no taxable income or if their taxable income is below the minimum threshold.

For individuals, the threshold is KES 24,000 per annum. For businesses, the threshold is KES 1,200,000 per annum.

Tips for Filing Nil Returns

Ensure that all the information provided is accurate and up-to-date

Keep copies of all supporting documents for your records

File your nil returns on time to avoid penalties and interest charges

Conclusion

Filing nil returns with the KRA is a simple process that can be done online through the iTax portal. By following the steps outlined in this article and ensuring compliance with the requirements and procedures, you can ensure a smooth and hassle-free filing process.

Spread the love

Leave a Reply

Your email address will not be published. Required fields are marked *