Save your Time and Resources Litigating; Insight on Tax Refund
Tax refund is a reimbursement of excess tax paid in a given period and is available to individuals who have not been granted relief where they;
∙ Have an insurance policies on life and education
∙ Have a mortgage or home ownership plan from specific financial institutions (as listed on the 4th schedule on Income Tax Act) on owner occupied property
∙ Are resident individual who was not granted personal relief during the year ∙ A person who has paid tax deducted at source in excess of final liability
Any aggrieved individuals can claim for tax refund through an online application on the KRA website https://itax.kra.go.ke/KRA-Portal/
The application should be made immediately after filing the tax returns for the respective year and the following documents would be required
∙ A Tax deduction card (Form P.9) for claims relating to excess PAYE deductions ∙ Insurance policy certificates for claims relating to insurance relief
∙ Mortgage certificate from a financial institution for claims relating to interest on mortgage or home ownership plan
∙ Withholding tax certificates for claims relating to tax deducted at source
The process takes around 90 days from the date of lodging where the claim is fully supported in all aspects. Upon approval/rejection of a claim, the taxpayer automatically receives an approval/rejection order via email.
For further information and insights on Tax related matters, do not hesitate to contact us at email@example.com or visiting our offices on 8th Floor, CMS Africa House, Nairobi or on 3rd Floor, Ritah Plaza, in Kakamega.