Hellow guys, Welcome to my website, and you are watching HOW TO FILE THIS YEAR'S TAX RETURN USING ITR FOR EMPLOYMENT INCOME ONLY. and this vIdeo is uploaded by KRATV(Kenya Revenue Authority) at 2024-03-04T23:23:25-08:00. We are pramote this video only for entertainment and educational perpose only. So, I hop you like our website.
| Name | HOW TO FILE THIS YEAR'S TAX RETURN USING ITR FOR EMPLOYMENT INCOME ONLY |
| Video Uploader | Video From KRATV(Kenya Revenue Authority) |
| Upload Date | This Video Uploaded At 05-03-2024 07:23:25 |
| Video Discription | This is a step by step guide on how to file your returns using the ITR for Employment Income Only option. This is idea for a Taxpayer who was not channelling any amount to NHIF or any Insurance policy. Facebook - https://www.facebook.com/StoriZaUshuru/ Twitter @StoriZaUshuru Instagram - https://www.instagram.com/storizaushuru/ The Kenya Revenue Authority (KRA) was established by an Act of Parliament, Chapter 469 of the laws of Kenya , which became effective on 1st July 1995 . The Authority is charged with the responsibility of collecting revenue on behalf of the Government of Kenya. A Board of Directors, consisting of both public and private sector experts, makes policy decisions to be implemented by KRA Management. The Chairman of the Board is appointed by the President of the Republic of Kenya . The Chief Executive of the Authority is the Commissioner General who is appointed by the Minister for Finance. PURPOSE OF KRA Assessment , Collection, Administration and Enforcement of laws relating to revenue. Organization The Authority is a Government agency that runs its operations in the same was as a private enterprise. In order to offer better single-window services to taxpayers, KRA is divided into five Regions as follows: Rift Valley Region Western Region Southern Region Northern Region Central Region KRA is divided into the following Departments, which are headed by Commissioners: Customs Services Department Domestic Services Department – Medium & Small Taxpayers(MST) Domestic Taxes Department – Large Taxpayers Office (LTO) Investigations & Enforcement Technical Support Services Corporate Support Services The Technical Support Services Department comprises of the following: Research & Corporate Planning Compliance Risk & Quality Management Marketing & Communication Road Transport Dispute Resolution Kenya School of Revenue Administration Laboratory Corporate Support Services Department comprise of the following: Human Resources Finance Procurement Regional Offices Administration & Logistics In addition to the six major departments, the Authority has the following service departments that enhance its operational efficiency: Risk Management & Internal Audit Ethics & Integrity Legal Services Information Communication Technology The office of the Board Secretary handles all issues related to the Board of Directors. Role of KRA in the economy To administer and to enforce written laws or specified provisions of written laws pertaining to assessment, collection and accounting for all revenues in accordance with these laws. Advise on matters pertaining to the administration or and the collection of revenue under written laws. Enhance efficiency and effectiveness of tax administration by eliminating Bureaucracy, Procurement, Promotion, Training and Discipline. Eliminate tax evasion by simplifying and streamlining procedures and improving tax payer service and education thereby increasing the rate of compliance. Promote professionalism and eradicate corruption amongst K.R.A. employee by paying adequate salaries that enables the institution to attract and retain competent professionals of integrity and sound ethical morals. Restore Economic Independence and Sovereign pride of Kenya by eventually eliminating the perennial budget deficits by creating organizational structures that maximize revenue collection. Ensure protection of local Industries and facilitate economic growth through effective administration of tax laws relating to trade. Ensure effective allocation of scarce resources in the economy by effectively enforcing tax policies thereby sending the desired incentives and shift signals throughout the country. Facilitate distribution of income in socially acceptable ways by effectively enforcing tax laws affecting income in various ways. Facilitate economic stability and moderate cyclic fluctuations in the economy by providing effective tax administration as an implementation instrument of the fiscal and stabilization policies. Be a 'watchdog' for the Government agencies ( such as Ministries of Health, Finance, etc ) by controlling exit and entry points to the country to ensure that prohibited and illegal goods do not pass through Kenyan borders. #StoriZaUshuru #DigitalEmpowerment #CTA101 |
| Category | Education |
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