Use of Partial Allocation Formula for VAT Input in Vatable and Exempt Sales
Value Added Tax (VAT) registered taxpayers with vatable…
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June 3, 2018
Value Added Tax (VAT) registered taxpayers with vatable…
Introduction
In the recent past, there has been a lot of noise about the potential and actual increase in tax rates in the betting and related activities industry.
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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.