Installment return

Installment tax return allows taxpayers to pay tax as the current year of income progresses. The installment  tax should be submitted as follows

For ordinary taxpayers

1^st installment to be submitted by the 20^th of the fourth month

2^nd         ”        ”        ”        ”        ”        ”    Six  month

3^rd          ”        ”        ”        ”        ”        ”    Ninth month

4^th          ”        ”        ”        ”        ”        ”     Twelfth Month

NB: each installment is 25% of the estimated tax and the balance is paid as self-assessment tax on the last day of the fourth month in following year.

A provisional return of income for any year of income –

For agricultural taxpayers:

1^st installment is due on 20^th  of the  9^th month , 75% of the estimated amount is paid

2^nd  installment is due on 20^th of the 12^th month, 25% of the estimated amount is paid

RETURNS BY PARTNERS sec 52(4)

Where a business is carried on by two or more persons in partnership, the Commissioner may, by notice in writing, require the precedent resident partner, that is the partner who, of the resident partners –

(a) is first named in the agreement of partnership; or

(b) if there be no agreement, is specified by name or initials singly, or with precedence to the other partners, in the usual name of the partnership; or

(c) is first named in any statement required for the purposes of registration of the business under any law of Kenya; or

(d) is the precedent resident active partner if the partner named with precedence is not an active partner, to furnish him within a reasonable time, not being less than thirty days from the date of service of the notice, with a return of income of the partnership, ascertained under this Act as if the partnership were a person liable to tax, for any year of income prior to that in which the notice is served containing a full and true statement of the income and of such particulars as may be required for the purposes of this Act, including the names and addresses of the partners together with the amount of the share of the income to which each partner was entitled for that year of income.