Read Time:2 Minute, 5 Second

File Your 2024 Returns Now

As the year 2024 comes to an end, it’s time to start preparing for one of the most critical compliance tasks for every Kenyan taxpayer—filing your KRA annual returns. Starting January 2025, taxpayers will have the opportunity to declare their income and fulfill their obligations to the Kenya Revenue Authority (KRA) for the 2024 tax year.

Here’s everything you need to know about filing your KRA 2024 annual returns.

Who Should File KRA Annual Returns?

All individuals and entities with a KRA PIN are required to file annual returns, whether they earned taxable income during the year or not. This includes:

Employed individuals: Ensure that your employer has issued you a P9 form reflecting your total income and taxes paid during 2024.
Business owners: Declare your profits, losses, and expenses for 2024.
Students or unemployed individuals: File a nil return to remain compliant.

Key Deadlines for 2024 Returns

Filing Opens: January 1, 2025
Deadline: June 30, 2025

Failure to file your returns by the deadline attracts penalties of up to KES 2,000 for individuals and KES 20,000 for companies, so it’s vital to file on time.

Documents Needed for Filing

To ensure a smooth filing process, gather the following documents in advance:

KRA PIN – Your personal or business tax identification number.
P9 Form – For employed individuals, issued by your employer.
Bank Statements – For business owners, to verify income and expenses.
NHIF and NSSF Statements – To claim allowable deductions.
Other Supporting Documents – Rental income details, investment returns, etc.

Benefits of Timely Filing

Avoid Penalties: Save money by avoiding late-filing fees.
Stay Compliant: A clean tax record ensures you remain in good standing with KRA.
Access to Services: Timely filing is necessary for services like applying for loans, tenders, or visas.

How Nestict Infotech Can Help

Filing your returns can be a daunting process, but you don’t have to do it alone. Nestict Infotech offers professional assistance to ensure your returns are filed accurately and on time. Our experts handle everything, from collating documents to submitting your returns on the iTax portal.

Book Your Filing Appointment Today

Avoid last-minute rushes and let us help you stay compliant. Book an appointment with Nestict Infotech to file your 2024 annual returns with ease. Click the button below to get started: