Can you file nil returns for a company?

Filing of KRA Nil Returns is allowed for taxpayers who do not have any source of income. When I talk of source of income, it means that the taxpayer does not have Business Income, Rental Income or Employment Income, thus the need to file KRA Nil Returns on iTax Portal.

What is nil return in business?

A nil return is an income tax return filed specifically to declare to the Income Tax department that no amount has been paid as taxes in the respective financial year.

What is the benefit of filing nil return?

Authentic Proof of Your Income A NIL ITR serves as the legal document giving all the necessary details of your financial status. Besides, it is considered as a solid proof of income and is accepted by each and every financial institution.

How do I file a company’s Kra return?

How to file KRA iTax returns online?

1. Login to iTAX portal with PIN and password.
2. Click on ‘e-Returns’ or select ‘Returns’ from the navigation menu and click on ‘File Returns’.
3. Select the Type, Enter your taxpayer’s PIN and select the Tax obligation applicable to you and click ‘Next’.

How do I submit a zero VAT return?

How to file a Nil VAT Return. A Nil Return is very simple to submit. You can submit your return online through the HMRC website, or alternatively, send a paper report in the post. The only difference between your standard VAT Return and a Nil VAT Return is what data is shown on the document.

How do I file my KRA nil return by phone?

To access the KRA services, download the iTax App by the Kenya Revenue Authority from Google Play Store by using an Android Mobile phone.

1. Photo- How to install a genuine iTax App from Play Store. 2).
2. Photo- The iTax log in window. 4).
3. Photo- Click on Nil File return. 5).
4. Photo- Select Tax Obligation. 6).