What is KRA PIN and Why it is Very Important

What is KRA PIN and Why it is Very Important

When conducting business with the Kenya Revenue Authority, other governmental organizations, and service providers, a KRA PIN is required.

Personal refers to both real people and made-up people (such as a company, club, trust, etc.). A solo proprietorship will conduct all transactions using the proprietor's unique PIN.

Who is eligible for a KRA PIN?

Having a PIN is necessary if you;  

• Are employed
• Are in business
• Possess rental revenue
• Interested in applying for a HELB Loan?
• Want to carry out any of the following transactions?

When Can I Use the KRA PIN?

The most common PIN-required transactions are as follows:

• Registering the title, having the Commissioner of Lands stamp the documents, and paying the land rent.
  
• Plan approval, water deposit payment, business permit application, and Land Rent payment by Local Authorities are all required.
• The Registrar of Motor Vehicles is responsible for the registration of vehicles and the issuance of licenses under the Traffic Act (Cap 403).
• The Registrars of Business Names and firms register firms and business names.
• The Ministry of Commerce grants trade licenses.
• A registration request for value-added tax.
• Insurance companies' underwriting of insurance policies.
• Customs clearing and forwarding at the offices of the Commissioner of Customs and Excise are done to make importation of products easier.
• Deposits for power connections at Kenya Power and Lightning Co. Ltd. are paid.
• To streamline all agreements for the provision of products and services to all government agencies and other public entities.