Paying taxes / Corporate tax
Summary of the procedure
List of steps
List of steps
(3)
1
Register for corporate tax with iTax
2
Submit corporate tax form
3
Pay for corporate tax
Where to go?
Bank
3
What you will get
Bank receipt
3
Required documents
Company PIN
1
Company return form
2
E payment receipt
3
How much?
Estimated cost of the procedure
: KES 1,500,000
37.5
% capital amount
30
% capital amount
KES 1,500,000
( 30
% capital amount- Hypothesis: 5,000,000
)
30
% capital amount
27
% capital amount
25
% capital amount
25
% capital amount
25
% capital amount
20
% capital amount
20
% capital amount
15
% capital amount
10
% capital amount
0
% capital amount
How long ?
| min. | max. | |
|---|---|---|
| Total time (sum): | 1h. 20mn | 2h. 50mn |
| of which: | ||
| Waiting time in queue (sum): | 10mn | 20mn |
| Attention at counter: | 1h. 10mn | 2h. 30mn |
Legal justification?
Income Tax Act
Detailed steps
1
Register for corporate tax with iTax
Timeframe ( ver detalles ) |
||
|
Expected results
1.
KRA profile notification
Requirements
1.
Company PIN (copy)
Time frame
Attention at counter:
Min. 5mn
- Max. 10mn
Recourse: National Itax support centre
Entity in charge
National Itax support centre
Railway Club
Processional road, P.O.BOX 48240 -, Nairobi 00100
Tel: +254 204 999 999 / +254 711 099 999
Email: callcentre@kra.go.ke
Website: www.kra.go.ke
Tel: +254 204 999 999 / +254 711 099 999
Email: callcentre@kra.go.ke
Website: www.kra.go.ke
Unit in charge
National ITax support department
| Mon: | 08:00 - 17:00 |
| Tue: | 08:00 - 17:00 |
| Wed: | 08:00 - 17:00 |
| Thu: | 08:00 - 17:00 |
| Fri: | 08:00 - 17:00 |
2
Submit corporate tax form
Costs( ver detalles ) |
Timeframe ( ver detalles ) |
||
|
Free of charge
|
|
Expected results
1.
E payment receipt
Requirements
1.
Company return form (original)
Cost
KES
expand_more
expand_less
Cost detail |
Estimate your cost |
| For taxable income under KES 10165.00 | |
|
KES
0
-
10
% capital amount
|
|
| For taxable income from KES 10,165 but under KES 19,741 | |
|
KES
0
-
15
% capital amount
|
|
| For taxable income from KES 19,741 but under KES 29,317 | |
|
KES
0
-
20
% capital amount
|
|
| For taxable income from KES 29,317 but under KES 38,893 | |
|
KES
0
-
25
% capital amount
|
|
| For taxable income from KES 38,893 and above | |
|
KES
0
-
30
% capital amount
|
|
Time frame
Attention at counter:
Min. 1h.
- Max. 2h. 10mn
Legal justification
1.
Income Tax Act
Sections 3, 5
Sections 3, 5
Additional information
PAYE is a method of collecting tax at source from individuals in gainful employment. The employer deducts a certain amount of tax from his / her employee's salary or wages on each payday then remit the tax to the Authority.
Recourse: National Itax support centre
Entity in charge
National Itax support centre
Railway Club
Processional road, P.O.BOX 48240 -, Nairobi 00100
Tel: +254 204 999 999 / +254 711 099 999
Email: callcentre@kra.go.ke
Website: www.kra.go.ke
Tel: +254 204 999 999 / +254 711 099 999
Email: callcentre@kra.go.ke
Website: www.kra.go.ke
Unit in charge
National ITax support department
| Mon: | 08:00 - 17:00 |
| Tue: | 08:00 - 17:00 |
| Wed: | 08:00 - 17:00 |
| Thu: | 08:00 - 17:00 |
| Fri: | 08:00 - 17:00 |
3
Pay for corporate tax
Costs( ver detalles ) |
Timeframe ( ver detalles ) |
||
|
KES
1500000
|
|
Expected results
1.
Bank receipt
Requirements
1.
E payment receipt (copy)
Cost KES 1,500,000
KES
expand_more
expand_less
This is an estimate based on a series of assumptions which you can
modify
to calculate your own costs:
Cost detail |
Estimate your cost |
| For local companies | |
|
KES
1,500,000
-
30
% capital amount
|
5,000,000
mode_edit
|
| For a branch of a foreign company | |
|
KES
0
-
37.5
% capital amount
|
|
| Unincorporated entity with a turnover of up to KES 5 million - on gross receipts | |
|
KES
0
-
30
% capital amount
|
|
| Export Processing Zones Enterprises for the 1st 10 years | |
| Export Processing Zones Enterprises after 10 years of operation | |
|
KES
0
-
25
% capital amount
|
|
| Newly listed companies listing at least 20% of its shares for 3 years | |
|
KES
0
-
27
% capital amount
|
|
| Newly listed companies listing at least 30% of its shares for 5 years | |
|
KES
0
-
25
% capital amount
|
|
| Newly listed companies listing at least 40% of its shares for 5 years | |
|
KES
0
-
20
% capital amount
|
|
Payment methods:
cash, Bankers cheque
Time frame
Waiting time in queue:
Min. 10mn
- Max. 20mn
Attention at counter:
Min. 5mn
- Max. 10mn
Legal justification
1.
Income Tax Act
Sections 3, 3rdschedule
Sections 3, 3rdschedule
Additional information
Corporation tax is a form of income tax that is levied on companies and unincorporated businesses with a gross income of 5 million or more.