Thursday, March 28, 2024

Relief as filing tax returns to only take 2 steps

iTax Filing Requirements: Filing your tax returns will now be easier than before. This is because the Kenya Revenue Authority (KRA) has announced new rules that will see Kenyans filing their returns do it in a two-step process only.

When filing your returns, you will now only have to fill in data on your pension and annual relief.

This is because the KRA has configured its online tax filing system known as iTax to automatically capture the data of employers who submit Pay As You Earn (PAYE) tax for their employees.

According to KRA commissioner-general John Njiraini, the enhancement of the iTax to upload PAYE data submitted by employers was the first phase of the ongoing configuration of the system to upload data from third-party systems.

“We have a full series of enhancements that we are doing to iTax that are already ongoing,” Mr Njiraini said. “Those of you who are employees, when your employer do PAYE declarations, that information comes with your PIN and iTax is able to pick it and place it in your account.”

According to a report in the Business Daily, this now effectively leaves employees with the task of reviewing and confirming various data sets which they previously had to key into the system.

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