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Capwell Industries Donates 550 bales of Soko Maize Meal to Meru County Residents to Alleviate effects of Covid-19

The donation is part of the Ksh20 Million worth of Soko Maize Meal contribution that Capwell had pledged to the National COVID-19 Emergency Response...

Jambo Jet Suspend Local Flights

Jambojet has complied with the government’s movement restrictions in Kenya’s four counties to temporarily suspend its flights. President Uhuru on April 6 announced the cessation of...

OPPO offers customers with a bundled discount for purchase of A92 smartphone and W31 wireless earphones

For every OPPO A92 purchased customers get an offer on the Enco W31 at Ksh5,999 OPPO, is giving customers a discount on a bundled offer...

OPPO opens pre-orders for the new generation of Image Master, Reno3 in Kenya

 OPPO Reno3 with 48MP Zoom Camera and 44MP Front Camera features OPPO's latest ColorOS 7  Pre-order in the Kenya from April 7th to...

Nairobi Water seeks Raila’s help for water infrastructure funding

The Directors of the Nairobi Water and Sewerage Company on Thursday held a special meeting with AU' special envoy for infrastructure  Raila Odinga to deliberate...

KRA officially takes over revenue collection in Nairobi

The Kenya Revenue Authority has officially taken over revenue collection in Nairobi County as part of the deed signed on transfer of functions to...

Alexander Forbes clienteles wins big from Octagon services deal

A new strategic partnership has been entered into under which Octagon Africa will serve Alexander Forbes multinational clients with a presence in Kenya.  This strategic...

GAUGING THE ECONOMIC WAVES OF CORONAVIRUS ON KENYA

The Kenya Private Sector Alliance (KEPSA), the apex body of the private sector in Kenya, this morning resolved to engage all its members to...

 Turnover Tax Returns elapses

Payment of Turnover Tax (TOT)was due this Thursday 20th February 2020 and all Micro and Small Enterprises (MSEs) should have registered, file and pay the January 2020 tax returns for the Turnover Tax (TOT). The tax rate for TOT is 3% on the gross sales/turnover and is a final tax. TOT is filed and paid on a monthly basis on or before 20th of the following month. The Government of Kenya is committed to enhancing simplification of taxes to facilitate taxpayers to meet their obligations and TOT is part of this initiative. The TOT obligation is a simplified tax regime for Micro and Small Enterprises (MSEs). This obligation allows MSEs to pay taxes through simplified processes. Under this simplified regime, taxpayers are not required to prepare complex account records. The eligible taxpayers are only required to keep a daily gross sales record. KRA has been consulting with concerned stakeholders to facilitate them to register and pay the taxes due. KRA has also simplified the registration, filing and payment process of TOT on the iTax platform. The iTax system has always made it easy for taxpayers to access KRA services. This has led to notable success in filing returns, remitting payments, applying tax refunds, lodging tax objections, application of tax waivers and requesting tax compliance certificates. The TOT tax does not apply to persons; registered for VAT, with business income of Kshs 5,000,000 and above, Employment Income, Rental Income, Limited Liability Companies, Management and Professional Services among others. Eligible taxpayers are advised to log onto iTax, add the TOT obligation, file the monthly returns and make payment. TOT is part of KRA’s strategic initiatives to expand the tax base by ensuring that all Kenyans pay their fair share of taxes. KRA assures taxpayers of its support and facilitation to ensure that they register, file and pay their Turnover Tax before the set deadline. Taxpayers are also advised to visit the nearest KRA office for any assistance required or call the Call Centre on Tel: 020 4 999 999, 0711 099 999.

Guinness Night Football champion to compete in continental fete

Edward Kamiru to participate in Pan-African championship in Lagos, Nigeria, after winning against 20 competitors in a Guinness Night Football Goal Challenge tournament competition. The...

Co-operative bank to sponsor about 655 needy students

By Dennis Muritu Co-operative bank will this year sponsor about 655 needy students from across the country through its scholarship program. This is after the lender’s...

Pest free campaign Launched in Makueni to boast Mango production

(L-R)Harrigan Mukhongo Deputy Feed the Future Coordinator USAID Kenya, Esther Kimani, MD ,KEPHIS, Betty Kibaara from Rockefeller Foundation, Makueni Governor Kivutha Kibwana and Dr...

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