Understanding KRA Compliance
KRA compliance refers to meeting all tax obligations required by the Kenya Revenue Authority. This includes timely registration, filing accurate returns, and paying taxes on time.
Many SMEs in Kenya face penalties not because they want to evade taxes, but because they lack proper guidance and systems.
Key KRA Obligations for SMEs
- PIN registration for the business
- Monthly and annual tax return filing
- VAT compliance (where applicable)
- PAYE deductions for employees
- Withholding tax compliance
Failure to comply leads to penalties, interest, and even business closure.
