VAT (value added tax) is one of the most complex taxes imposed on a business and failure to complete returns both on time and correctly can result in penalties and interest charges.

For you to qualify for registration you must attain or expect to attain a taxable turnover of the value of which is Kshs 5,000,000 only or more in a period of twelve months. If you are registrable and fail to register, the Commissioner may register you compulsorily and retrogressively from the date you became due for registration and you shall be liable to a default penalty of Kshs 100,000 only. The Act provides for voluntary registration where a taxpayer wishes to be registered despite the turnover falling below Kshs 5,000,000 only.

With constantly changing regulations and demands placed on businesses for accurate reporting, having an experienced professional dealing with your VAT compliance is a worthwhile investment. Our qualified team will ensure that your company adheres to regulations and that you are not paying any more than you have to.

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