Who Should Have a KRA PIN?

A KRA PIN (Personal Identification Number) is essential for various financial and legaltransactions in Kenya. Here’s a quick guide on who should obtain a KRA PIN and why itmatters. 1. Employed IndividualsIf you are employed, having a KRA PIN is crucial. Your employer will require it for taxpurposes, as it is used to withhold and […]

Seamlessly Navigate E-TIMS with Seal Associates!

At Seal Associates, we’re dedicated to simplifying your journey with E-TIMS (Electronic Tax Invoice Management System). Here’s how we support you: ETIMS Registration: We guide you through the registration process smoothly, ensuring compliance without the paperwork hassle. Expert Usage Guidance: Our team provides comprehensive guidance on E-TIMS usage, empowering you to maximize its benefits with […]

TAX ALERT: KRA Launches ‘eTIMS Lite’ Platform for Non-VAT Registered

Dear Valued Clients,We bring to your attention a crucial Tax Alert regarding recent developments in the Kenyan tax landscape. The Kenya Revenue Authority (KRA) has officially launched the ‘eTIMS Lite’ platform, specifically designed for non-VAT registered taxpayers.Key Highlights: Crucially, the compliance deadline of March 31, 2024, remains unchanged. Upon onboarding, taxpayers are expected to record […]

Facts to note on Monthly Rental Income Tax (MRI)

What is Rent? Rent means payments received from a right granted to another person for use or occupation of immovable property which includes premium or similar consideration received for the use or occupation of property. Overview of Monthly Rental Income (MRI) A simplified tax regime on residential rental income known as Residential Rental Income Tax […]

Kenya Court of Appeal Halts Housing Levy Contributions – What’s Next?

Introduction On the 25th January 2024, the Court of Appeal at Nairobi has made a crucial decision regarding the deduction and collection of Housing Levy contributions, a matter that has significant implications for employees, employers, and tax authorities alike. This article aims to provide an overview of the recent events and their potential impact, all […]

NSSF: Notice to employers on the updated NSSF rates

About new NSSF updated rates According to a notice by the fund, employers will now have to deduct between Sh420 and Sh1,740 from their workers’ pay-slips. The notice further indicated that lower earnings limit or the amount that is considered the lowest pensionable salary has been raised to Sh7,000 up from the current Sh6,000. This […]

Public Notice: Electronic Tax Invoicing for Non-VAT Registered Persons

Introduction Kenya Revenue Authority(KRA) wish to remind the public that all persons carrying on businesses including those not registered for VAT, are required to electronically generate their invoices to KRA via the electronic Tax Invoice Management System (eTIMS). Please note that any business expenditure not supported by an eTIMS generated tax invoice shall not be […]