@ Samuel,
Assuming I want to get tenders from the Govt, and my Company does not have the Kshs. 5m, yet I have the capability to provide the govt with the materials (as per the tender Document) I'll need to have a certificate of Compliance from KRA. And for one to get the Certificate of Compliance, you must have a VAT Certificate.
Now this is where my logic argument is coming in.
The Public Procurement and Disposal Act, states that a company which wishes to get tenders from the govt, must have a Compliance Certificate.
In my view, unless the said company wants to deal with the private sector, then it does not need to have a VAT Certificate, right?
@ Ann, I'm not very sure about the mandatory requirement for a limited
company to have VAT cert.
But there is a tax called turn-over tax (hope I got the name right)
which is for smaller businesses (with < 5 million annual turnover). I
think the tax is 5% of the turnover and that's the ONLY obligation;
not VAT obligation, nothing else.
I wonder why one would really want to get the VAT cert unless above
the 5m category. Infact that's the requirement unless one insists.
(wish I knew that then); there is so much to VAT and one should very
much aware of that and if not necessary, wait for the business to get
to that category and do with the turn-over tax option as per the
requirement.
--
On Mon, Jun 29, 2009 at 9:51 AM, Solomon Mburu<solo.mburu@gmail.com> wrote:
> As far as I know, a business in Kenya will need a VAT Certificate even if it
> has a PIN Certificate. Unless the law changed, VAT is a requisite for many
> businesses here in Kenya. As long a your business is registered as a Company
> Limited by either shares or guarantee, it must have a VAT certificate.
>
> @ Ann, who told you this?
>
> I know there are some guys from KRA on this forum and they can provide us
> with sufficient answers on this issue.
>
> I also have a problem with getting a VAT certificate through KRA ITMS.
>
>
> 2009/6/29 bernard kioko <bernsoft@gmail.com>
>>
>> I really want to see the answer to Ann's question! Was she answered by
>> anyone?
>>
>> On 6/29/09, ann mwaniki <ann_mwaniki@yahoo.com> wrote:
>> > @ Gathanji,
>> > We have had the same problem for some time now, and we were finally
>> > informed
>> > that there is no VAT registration nowdays for businesses,that you can
>> > operate on PIN only, is that so?
>> >
>> > Best Regards,
>> > Ann
>> >
>> > --- On Sat, 6/27/09, Gathinji Mwangi <cgathinji@yahoo.com> wrote:
>> >
>> >
>> > From: Gathinji Mwangi <cgathinji@yahoo.com>
>> > Subject: [Skunkworks] VAT REGISTRATION
>> > To: Jediel.Miriti@kra.go.ke, Jediel.Miriti@kra.go.ke, "Richard kra"
>> > <Richard.Hadegu@kra.go.ke>, Callcentre@kra.go.ke, Callcentre@kra.go.ke
>> > Cc: "Skunkworks forum" <skunkworks@lists.my.co.ke>,
>> > bidiiafrika@googlegroups.com
>> > Date: Saturday, June 27, 2009, 1:44 AM
>> >
>> >
>> >
>> >
>> >
>> >
>> >
>> >
>> >
>> >
>> >
>> >
>> >
>> >
>> >
>> >
>> >
>> >
>> >
>> >
>> >
>> > Guys,
>> >
>> >
>> > Please help me register for VAT for this company i have tried for over 2
>> > months now without success.
>> >
>> >
>> > COMPANY NAME: DIVERSE ICT LTD
>> > PIN : P051302486C
>> >
>> >
>> > Attached find copy of the KRA PIN CERTFICATE
>> >
>> >
>> > Kindly guide me on what i need to do.
>> >
>> > With Kind Regards
>> >
>> > Gathinji Charles
>> > +254710852974
>> >
>> >
>> >
>> >
>> >
>> > -----Inline Attachment Follows-----
>> >
>> >
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>> >
>> >
>> >
>> >
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>
>
>
> --
> Solomon Mburu
> P.O. Box 19343 - 00202 Nairobi
> Cell: (+254-0) 735 431041
>
> Man is a gregarious animal and enjoys agreement as cows will graze all the
> same way to the side of a hill!
>
> AND
>
> It is better to die in dignity than in the ignomity of ambiguous generosity!
>
>
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>
Samuel Waithaka
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