Filing Kenya Turnover Tax (TOT) returns involves a few steps through the Kenya Revenue Authority's (KRA) online platform, iTax. Here's a step-by-step guide:
1. Log in to iTax Portal
- Visit the iTax portal: iTax
- Enter your PIN and password to log in.
2. Navigate to e-Returns
- Once logged in, go to the "Returns" menu.
- Select "File Return" and choose "Income Tax – Resident – Turnover Tax."
3. Fill in the TOT Return Form
- Download the TOT return form (IT1).
- Fill in the required details, including:
- Business PIN
- Business details
- Gross sales/turnover for the period (TOT applies to businesses with annual turnover below Ksh 50 million)
4. Upload the Form
- Once the form is filled, save it and go back to the iTax portal.
- Click "File Return" again and select "Income Tax – Resident – Turnover Tax."
- Upload the completed form and any required supporting documents.
5. Generate Payment Slip
- After submitting the form, generate a payment slip for the TOT.
- Go to "Payments" and then "Payment Registration."
- Select "Tax Head" as "Income Tax" and "Tax Subhead" as "Turnover Tax."
- Generate the payment slip, which will include the amount payable.
6. Make Payment
- You can make the payment through various methods, such as:
- Bank transfer
- Mobile money (e.g., M-Pesa)
- KRA agents
- Use the Payment Registration Number (PRN) provided on the payment slip.
7. Confirmation
- After payment, ensure you receive a confirmation receipt.
- This can be checked on the iTax portal under "Payments" to confirm the payment has been processed.
8. Keep Records
- It's crucial to keep all records of returns filed and payments made for future reference and compliance.
TOT returns are filed monthly, and the payment is due by the 20th of the following month. Late filing and payment may result in penalties and interest.
