HOW TO FILE AND PAY ADVANCE TAX ON ITAX EASILY LATEST

Advance tax payment is a requirement when doing vehicle inspections with NTSA.

For professional tax preparation services, contact CPA Joseph Wachira on 0710678324 or Whatsapp 👉 wa.me/+254710678324
www.cleartax.co.ke

What is Advance Tax?

This is a tax paid in advance before a public service vehicle or commercial vehicle is licensed at the rates applicable.

What are the tax rates for advance tax?

For vans, pick-ups, trucks, prime movers, trailers, and lorries; Kshs. -1,500 per ton of load capacity subject to a minimum of Kshs. 2,400 per year of income;
-For saloons, station-wagons, mini-buses, buses, and coaches; Kshs. 720 per passenger capacity per month subject to a minimum of Kshs. 2,400 per year of income.

Is advance tax a final tax?

Advance tax is not a final tax. Individuals who have paid any advance tax are required to declare the same in their individual income tax returns submitted yearly and pay any additional tax due.

Organizations and institutions and individuals exempted from paying income tax are also exempted from paying advance tax. eg NGOs, government learning institutions, PWD, exempted church bodies, government bodies, et al.

Disclaimer: This is not tax advice. Consult your accountant.