What is KRA Advance Tax

What is KRA Advance Tax

KRA Advance Tax: What Is It?

Before a public service vehicle or commercial vehicle is licensed at the appropriate rates, the KRA Advance Tax must be paid.

What are the KRA Advance Tax tax rates?

For saloons, station wagons, minibuses, buses, and coaches, Kshs. 60 per passenger capacity per month, subject to a minimum of Kshs. 2,400 per year of income. For vans, pickups, trucks, prime movers, trailers, and lorries, Kshs. 1,500 per ton of load capacity.

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KRA Advance Tax: Final Tax or Not?

A tax paid in advance is not a final tax. People who have paid such advance taxes must disclose them in their annual individual income tax filings and pay any additional taxes owed.