As the 2025 tax season approaches, it's crucial for Kenyan taxpayers to be aware of the Kenya Revenue Authority (KRA) deadlines and requirements to ensure compliance and avoid penalties.
Key Deadline: 30th June 2025
The deadline for filing individual income tax returns for the 2024 tax year is 30th June 2025.
This applies to all individuals with a KRA Personal Identification Number (PIN), regardless of whether they earned income during the year.
Even if you had no income, you're required to file a NIL return (kra.go.ke).
Who Should File?
-
Employed Individuals:
If you were employed in 2024, obtain your P9 form from your employer and file your returns accordingly. -
Self-Employed Individuals:
Those with income from business, farming, or rental activities need to prepare financial statements and relevant documentation. -
Individuals with No Income:
Even if you had no income in 2024, you're still required to file a NIL return. -
Others:
This includes individuals with multiple sources of income, beneficiaries of estates, partners in partnerships, and those with foreign income.
How to File Your Returns
-
Access the iTax Portal:
Visit iTax and log in using your KRA PIN and password. -
Select the Appropriate Return:
Choose the tax return applicable to your situation (e.g., individual income tax return). -
Fill in the Required Information:
Enter your income details, deductions, and any other relevant information. -
Submit the Return:
After reviewing, submit your return. If you have tax due, generate a payment slip and make the payment via Mpesa or at designated banks.
Penalties for Late Filing
-
Late Filing Penalty: The higher of 5% of the tax due or Kshs. 2,000.
-
Late Payment Penalty: 5% of the tax due.
-
Interest on Unpaid Tax: 1% per month on the unpaid tax until fully paid.
More information available at kra.go.ke
Tax Amnesty Program (2024/2025)
KRA has introduced a tax amnesty program effective from 27th December 2024 to 30th June 2025.
This program offers relief on penalties, interest, and fines for tax debts accrued up to 31st December 2023, provided the principal tax is paid in full by the deadline.
Taxpayers with no principal tax due will automatically benefit from the amnesty upon logging into iTax.
Guidelines available here: KRA Amnesty Guide
Tips for a Smooth Filing Process
-
Gather Necessary Documents: Ensure you have all relevant documents, such as P9 forms, financial statements, and withholding certificates.
-
Use KRA Resources: KRA offers step-by-step guides and tutorials on their website to assist with the filing process.
-
Seek Professional Help: If you're unsure about any aspect of your tax return, consider consulting a tax professional.
Need Help Filing Your Returns?
Let us help you stay compliant and take advantage of the available tax reliefs.
Contact FaidiHR for assistance with your payroll and tax filing processes:
Email: sales@faidihr.com
Phone: +(254) 702 339 699