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How to Properly File Nil returns on the Kenya Revenue’s iTax System for Genuine Taxpayers

Tuvuti Editorial Team
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How to Properly File Nil returns on the Kenya Revenue’s iTax System for Genuine Taxpayers

In a bid to stop tax evasions, the Kenya Revenue Authority modified the iTax system to net individuals trying to evade paying taxes by simply filing Nil returns on the iTax portal. As a result, tax payers who intent to declare Nil tax returns will henceforth be required to indicate that they do not have any other source of income. This will essentially aid Kenya’s revenue agency profile users in order to easily weed out evaders.  As per the Kenyan law, any person bearing a personal Identification number (PIN), is required to file tax returns annually including those that do not have any form of employment.

In the past, we could easily get away with not filing returns at all, but the tax man has since placed heavy penalties on those who fail to do so, ranging from Ksh. 20,000 on wards. For a common mwanainchi who resides in Kenya without a stable formal employment, this could be quite a burden. I’ve therefore devised a simple guide for tax payers who would like to file nil tax returns on the KRA’s iTax system. And from the title I say ‘genuine’ to refer to those who qualify or have had no income in that year.

To start with, I’d advise anyone to file tax returns early in the year to avoid last minute instability usually experienced on the KRA’s portal.You could be slapped with heavy penalties to as much as Ksh 20000 for not doing so regardless of whose fault it is.

A simple Guide to filing Nil tax returns on the iTax portal

Before you start filing, you’ll need a P9 form for those who are employed, usually given by the employer. On the iTax system, you’ll need to login (https://itax.kra.go.ke/KRA-Portal/) using provided password that you set or were issued when applying for the personal Identification number.

You may need to reset your password if it’s not working. Password reset details will be sent to your email address.

  • To file Nil tax returns, head over to the ‘returns’menu and select ‘File Nil Return’
  • Next, confirm you didn’t have any income for the year you are filing returns
  • Select the year usually from 1stJanuary to 31st December of previous year.
  • Just so you know, if you’re caught filing nil returns while you’ve had income in that year, KRA will be on your neck.

mKey digital banking service Transaction Costs and How to Apply, get Approved for a Loan

Tuvuti Editorial Team
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mKey digital banking service Transaction Costs and How to Apply, get Approved for a Loan

mKey is a digital banking service unveiled by Equity bank’s sister company – Finserve Africa a few months ago that works just like other loan apps in existence. It runs on android operating system and touts to include additional functionality in comparison with similar services on the market including chatting with friends, paying bills, reading news, applying for loans and saving. The app which can be downloaded from the Google Play Store has an inbuilt keyboard through which users can access custom emojis and Gifs that users may use while chatting with others.

 While mKey is meant for loan applications; it comes with additional related features that let users complete several transactions on the app rather than having to transfer money to different mobile wallets or even withdraw before paying utility bills,purchasing airtime or even shopping. And if you don’t need the loan facility, mKey accounts, can be topped up using Mpesa, Equitel or deposits through Equity bank agents. While we expect the service to even support diaspora remittances at a later date, mKey is pretty feature rich in comparison with similar android loan apps.

How to apply for an mKey Loan

To be precise, mKey has a mobile wallet account that’s not linked to your bank account and allows users to buy airtime, buy goods, pay bills, send money via social media and save.

  • As with any other loan app, users first need to have an android phone, then download the app from Google’s Play Store
  • Once you’ve installed the mKey app, you’ll need to provide some details through a simple registration process. To do this, You’ll need a Facebook or a Google account.
  • During the registration process, you’ll to provide personal details such as a mobile number, government ID and later confirm your email address.
  • After completing the above process, the mKey app will let you know how much money you can borrow. The amount should range from Ksh.300 to Ksh. 1 Million. The maximum amount one can borrow depends on the borrower’s credit score, repayment history, transactions among other factors.
  • mKey loans attract an interest rate of 9%.

mKey digital banking service Transaction Costs /Tariffs

Range Pesalink Mpesa/Airtel Paybills Agent
         
1-100 0 20 0 30
101-500 0 20 22 30
501-1000 25 25 22 30
1001-1500 15 35 33 30
1501-2500 20 50 33 30
2501-3500 20 55 55 54
3501-5000 20 70 55 54
5001-7500 50 90 83 91
7,501-10.000 50 100 83 91
10,001-15,000 80 105 110 175
15,001-20,000 80 115 110 175
20.001-35.000 80 115 110 206
35,001-50,000 80 N/A 198 236
50.001-100.00 100 N/A 220 272
100.001-500.000 300 N/A N/A N/A
500,001-999.999 500 N/A N/A N/A

No transaction costs on mkey to mkey, mkey Balance Enquiry, mkey Mini-statement and mkey Deposit

mKey Statement by Email cost is Ksh.20 fixed
mKey to RTGS Cost is Ksh. 550 fixed
mKey ATM Withdrawal Cost is Ksh.30 fixed
mKey to SWIFT transaction Cost is Ksh.1650 fixed

Okolea Mobile Loans App – How to Apply and Get Approved Instantly via Your Android Smart Phone

Tuvuti Editorial Team
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Okolea Mobile Loans App – How to Apply and Get Approved Instantly via Your Android Smart Phone

Kenyans have fallen in love with mobile loans in a way you’d literally have dismissed a few years ago, as of now, there are tons of alternative apps you can easily download, register and apply for loans without having to do any paperwork. One such service is Okolea app; we’ve devised a simple guide on how you can register and apply for a loan from the Okolea android app. We have also illustrated on how you can easily repay your loan without a hustle.

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How Civil Servants and Kenyan Government Employees Can Download their Pay Slips from the GHRIS Portal

Tuvuti Editorial Team
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How Civil Servants and Kenyan Government Employees Can Download their Pay Slips from the GHRIS Portal

Officially known as the Government Human Resource Information System (GHRIS), is an online portal for Kenyan civil servants and Government employees designed to equip them with human resources related information from any corners of the country. The portal is said to have been developed in house in collaboration with various government agencies and aims to carter for most civil servants and Government officers ranging from military officers, policemen, teachers, medical employees as well as county employees.

Instead of traditionally queuing at government offices to get important documents related to Human Resources such as pay slips, users can now easily login to the portal and download these documents in minutes. In its own merit, the Government Human Resource Information System (GHRIS) has basically increased efficiency and convenience since employees can access it from just about anywhere in the country as long as there’s internet.

How Government and county employees including police officers, teachers, military officers, nurses/doctors can download their pay slips from the GHRIS;

To use the portal, employees first need to register and the following details are prerequisite;

  1. Kenya Revenue PIN Number
  2. Personal Number
  3. Kenya National Identification Number
  4. Mobile Phone Number
  5. An Email address
  6. Surname and First Name
  • If you’ve got all the necessary details as stated above, you may now proceed with registration by following below steps
  1. Head over to the Government Human Resource Information System (GHRIS) website at www.ghris.go.ke and be sure to click on “Government of Kenya” icon located at the top left corner
  2. You’ll be presented with the login page. If you’ve already registered, you may proceed with logging in. Otherwise choose “New to GHRIS” to register
  3. Provide all the required information such as KRA PIN, Email, ID No and so forth. Be sure to enter N/A for details that are irrelevant to your case
  4. The ministry should validate provided information after which you’ll be granted access

How to download Pay Slips from the Government Human Resource Information System (GHRIS)

Select the year and month of the Pay Slip you intent to download then click on “View Payslip” and proceed to download.

How SMEs and Corporates Can Use Equity Bank’s EazzyFX – Online Forex Trading Service to carry out real time forex transactions

Tuvuti Editorial Team
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How SMEs and Corporates Can Use Equity Bank’s EazzyFX – Online Forex Trading Service to carry out real time forex transactions

Equity Bank’s EazzyFX is touted to be an innovative online forex trading platform that will see both SMEs and Corporates perform seamless transactions in buying and selling foreign currency without having to meet face to face. According to Equity bank, EazzyFX service will tremendously save businesses time by allowing them access to real time streaming to competitive market pricing in various foreign currency pairs and immediate tailored request for quotation (RFQ’s).

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How to Send or Receive Money Through Mpesa and Western Union Worldwide

Tuvuti Editorial Team
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How to Send or Receive Money Through Mpesa and Western Union Worldwide

The popularity Mpesa has enjoyed over years since its inception is enormous, traditional money transfer services like Western Union share has shrank to staggeringly low within Kenya for the same reason. I remember in the days of yore when only post bank offered a close match through its diminishing money gram product. However; globally, other services still command a huge customer base and in some cases, there isn’t any comparable mobile wallet in operation. For this reason, it has proved ambiguous for users elsewhere to send money to Mpesa mobile wallet users in Kenya at least until recently when the tides begun to change through various partnerships.

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Benefits of using M-PAYA Prepaid meters for landlords and property managers

Tuvuti Editorial Team
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Benefits of using M-PAYA Prepaid meters for landlords and property managers

Landlords, managing agents, developers and body corporates are facing an ever increasing exposure to utilities, such as electricity and water. Utility suppliers, such as Kenya Power or Nairobi Water & Sewerage company, will demand payment based on usage, while tenants dispute amounts and refuse to pay their electricity accounts.

This can result in a serious problem for you! M-PAYA Prepaid can offer a real solution to this problem! As a prepaid electricity sub-metering company, M-PAYA Prepaid assists with the collection of utilities and removes the payment gap between utility suppliers and tenants.

One of the problems that many landlords face are defaulting tenants who may let their accounts fall into arrears. It has become essential for landlords to assist their tenants in planning their electricity usage and the best way to do this is to have a prepaid meter system that enables tenants to check their usage. Prepaid meters allow tenants to monitor their electricity and water consumption which will also enable them to adjust their usage in the future.

This is an advantage for the landlords and is quite beneficial for the tenant as well. Buying electricity through a prepaid meter allows your tenants to control how much they put into the meter on a monthly basis. They will be able to monitor how much electricity they actually use and what it is costing them. This puts the tenant in control of the amount they spend on a monthly basis.

The benefits of M-PAYA Prepaid meters for landlords and property managers are:

  • Tenants pay upfront for electricity usage which leads to improved cash flow.
  • No unexpected post payment issues experience by the tenant.
  • Reduced administration – no more bills for utilities that need to be distributed to tenants.
  • Reduced risk on your utility collections – money is collected upfront from tenants.
  • Convenient to buy M-PAYA Prepaid electricity with Lipa Na M-PESA Paybill 718889.
  • More than one meter can be installed per property.
  • Quick and easy prepaid meter installation, get installed in two days.
  • More control and transparency for all parties – developer, landlord, managing agent and tenant.
  • Call center assistance (0709 058011) for consumers who have prepaid token queries.

About M-PAYA Prepaid Meters

M-PAYA Prepaid is the leading electricity prepaid meter and vending system provider for landlords in Kenya. This unique vending system is the first of its kind and enables clients (both landlords, property owners, developers and managing agents as well as tenants) to access detailed reports which track and manage utility consumption efficiently. We offer an intuitive, client-focused online system that enables Tenants to login and access their entire transaction history. Landlords have detailed reports of their token and transaction history at their fingertips. The system is reliable, with a quick and easy meter registration process.

How to Request a motorbike Ride in Kenya Using uberBODA Service

Tuvuti Editorial Team
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How to Request a motorbike Ride in Kenya Using uberBODA Service

If you’ve been longing for a motorbike taxi service similar to that of taxify but on Uber, you might have just got that; Uber Kenya has finally unveiled their version of Bodaboda service alongside the existing taxi hailing services here in the country. Motorbike taxis are specially very common here in Kenya due to their affordable rates and unlike traditional taxi cabs or public transport vehicles, can easily maneuver traffic in the city as well as access most remote areas in here in Nairobi for example.

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