Tax Returns and Refunds in Kenya

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OCO Round Table

32 episodes

2 weeks ago

Welcome to OCO Roundtable, the legal podcast unravelling today's legal issues led by our Kenyan legal team at Oraro & Company Advocates. Explore topics like Banking, Finance, Real estate, Employment, Construction, Energy, Infrastructure, PPP, Corporate law, Tax, and more! Our podcast turns legal jargon into your favourite insightful and entertaining discussions. Join us on LinkedIn or X (formerly Twitter) with #OCOroundtable. Let's make law fascinating and accessible together! #OCOroundtable

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Tax Returns and Refunds in Kenya

OCO Round Table

19 minutes 54 seconds

1 month ago

Tax Returns and Refunds in Kenya

Kenya operates a self-assessment tax system that requires both individuals and legal entities to compute, declare, and remit their taxes to the Kenya Revenue Authority (KRA). In this episode, #ourveryown Partner Renee Omondi and Associate Melanie Mwenda unpack everything you need to know about tax returns and refunds in Kenya. They cover tax return deadlines and penalties, the common mistakes taxpayers make when filing returns, and the process of claiming tax refunds. Tune in to stay informed and get tips to avoid costly tax errors.

#Taxes #TaxesInKenya #TaxRefunds #TaxReturns #TaxFiling #TaxChallenges #OCORoundTableEpisode Outline

(0:00) Introduction

(01:56) Tax return defined

(03:18) Filing deadlines and penalties for late filing

(04:57) Common taxpayer mistakes when filing taxes

(07:20) KRA public notices and guidance notes

(07:39) Public notice on the validation of income & expenses in income tax return

(09:11) Consequences of failing to file returns

(10:29) Tax refund defined

(11:37) Getting your tax refund

(13:49) Tax refund timeliness

(16:22) In the event your application for a refund is not allowed

(17:08) Taxpayer right to file a tax issue with the tax ombudsman

(17:38) conclusion