Value Added Tax

Blog on Tax / Value Added Tax

Eight Percent VAT on Petroleum Products in Kenya

Introduction

The VAT on specific petroleum products, which was the most contentious issue in the Finance Bill (2018) has finally been sorted out in the Finance Act (2018) which is an Act of Parliament

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(Photo by Waka)

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September 25, 2018
Blog on Tax / Income Tax / Value Added Tax

Purchase Cash Receipts and Invoices

Introduction

Every year, individual and corporate taxpayers pay income tax, and for every month they pay VAT. To establish the amount of income tax and VAT payable, purchase cash receipts and invoices are crucial.

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(Photo by Porgie)

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March 29, 2017
VAT on Domestic Supplies

VAT Monthly Returns in Kenya

Introduction

In Kenya, the VAT Act (2013) makes it mandatory to file VAT 3 monthly returns by the 20th day of the month after the end of the tax period.

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(Photo by Waka)

VAT period is one calendar month – from the start to the end of a calendar month. In case the 20th day falls on a holiday or a weekend, the VAT 3 returns are supposed to be made before then.

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March 15, 2017