While filing nil returns is not mandatory ... helps in carrying forward losses incurred in the stock market or business.

However, you can still choose to file income tax returns for the sake of creating records. This process is called a nil income tax return. Now, the natural question to ask at this stage is why you ...

and select File Nil Returns sub-menu. · Under Tax Obligation, select VAT/PAYE from the drop down menu. · Enter the return period and click submit.

Income Tax Return (ITR ... The biggest advantage of filing a Nil ITR is easy loan approval. Nowadays, everyone needs loans for land, business, housing, or vehicles. Financial institutions require ...

For any complaints or tax issues, one can reach KRA via [email protected] or [email protected] and you will be responded to. An individual who does not file returns – even nil – is penalized ...