How Tax Deductions, Reliefs Work, and How to Claim Refunds From KRA

Many taxpayers are unaware that they may be eligible for a tax refund, despite the legal procedures providing for such avenues...

✨ Key Highlights

The Kenya Revenue Authority (KRA) is urging Kenyans to file their taxes, emphasizing the importance of understanding tax deductions, reliefs, and how to claim refunds. Many taxpayers are unaware of their eligibility for refunds due to overpayment or unapplied reliefs.

Tax deductions reduce taxable income (e.g., pension contributions, NSSF contributions), while reliefs (e.g., Personal Relief of Ksh28,800 annually) are credits against tax payable.
Tax refunds are repayments by KRA for excess tax paid, often due to unapplied reliefs during PAYE calculations or provisional tax overpayments.
Taxpayers can claim refunds via the KRA iTax system by reviewing submitted returns, selecting the relevant tax obligation, providing a reason for the refund, and uploading supporting documents like payslips or insurance certificates.

Continue Reading

Read the complete article from Kenyans

📰 Read Full Article

Related News

Video

Mudavadi announced plan to rescue Kenyans caught in Ukraine war

The Star (Youtube)

2h ago

top1d ago

KRA Announces Changes Affecting Cargo Tracking and Seals

The Kenya Revenue Authority (KRA) is upgrading its cargo monitoring system to incorporate user-owned electronic seals for both dry and wet cargo. This enhancement to the existing Regional Electronic Cargo Tracking System (RECTS) aims to further improve cross-border trade efficiency and security within the East African Community (EAC).

Kenyans

📰 Read Full Story

Video

Our money, our voice: should tax payers have a say over their taxes? "

KTN News (Youtube)

1d ago

African states urged to scrap solar taxes to lower electricity costs

African nations facing frequent blackouts and power shortages are set to receive significant investment in solar power. A partnership between a Chinese engineering firm and a Hong Kong investment bank, backed by Chinese banks, will deploy new solar power stations across the continent.

The Standard Business