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/+2547106...
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.

[@felixsumba2576]

This was extremely helpful.
I suggest that you include a section showing how to file using Excel. This would be very helpful for those who have a big fleet of vehicles and an existing database of the same.

[@MyTaxAdvisor]

We are your low-cost online tax preparers.
We are experienced to compute and file the final year taxes from your vehicle's income.
Get in touch with us or WhatsApp [phone] / wa.me/254710678324

[@mohamednoor118]

Thank you so much. Very simple and clear understanding we need to see more of this.

[@MyTaxAdvisor]

Thank you for the compliment.
Much more in the pipeline bwana Mohamed.

[@mohamednoor118]

Am currently doing CPA advance level, am confused with specialization in taxation or audit. What is your advice on this, now that you know the market.

[@MyTaxAdvisor]

@@mohamednoor118 This is not the easiest to answer.

[@gurutec7966]

thank you very much....now how do you file/declare on the file return section..am still stuck there

[@petermuniu4672]

Thanks but I haven't seen how to file returns when one has already paid advanced tax

[@wahomez1]

very true they have left that part

[@MyTaxAdvisor]

I get it guys. I will prepare a tutorial on that in future.
This was intended for filing advance tax and not the end year income tax return.

[@josephmochere90]

I am trying to file returns and get the error "vehicle -Advance Tax credit present on Commercial Vehicle for the return period 2019 give the procedure to file return

[@chrismuhoho1611]

This was helpful, suppose my vehicle is involved in an accident or have Perennial mechanical problems. Meaning you don't hv any profit. What is expected of me? Kindly advise

[@MyTaxAdvisor]

Hi there,
1. Pay advance tax and claim it back at year end.
2. Write taxman explaining the car inactivity for the year.

[@nickmwenda5183]

Thank you boss. This is was helpful.

[@MyTaxAdvisor]

Glad it's!

[@alicekanana5190]

@@MyTaxAdvisor please guide me how to file installment tax? please

[@MyTaxAdvisor]

@@alicekanana5190 at a fee.
You may want to reach me on WhatsApp @[phone]

[@stellaouma4331]

Hello what do one do when the advance tax slip expires before they pay

[@MyTaxAdvisor]

Hello Stella,
You can just Regenerate the very same one from payment section

[@gathekiaBK]

loooking for one using excel sheet

[@kenfreykj]

Hello, I am trying to file returns and get the error "Credits u/s 12A -Advance Tax on Commercial Vehicle for the return period is Ksh 2,400.00, Please declare the same."
How do I proceed?

[@MyTaxAdvisor]

Declare it.
It'll go through

[@smartcyber7531]

which software did you use to record

[@Joseph20203]

OBS.
It's open source software...

[@victorkirira5595]

Thanx very helpful

[@SammyNjorogeVisionary]

WHAT IF THIS PERSON DID NOT FILE RETURNS FOR THE YEAR 2016 AND HE HAD A TAX ADVANCE HOW IS HE EXPECTED TO FILE THE RETURNS

[@MyTaxAdvisor]

File from 2016.

[@hillarymayunga2048]

Hello, how can I file the final year tax returns for my vehicle?

[@MyTaxAdvisor]

Calculate your profits, pay additional taxes if any

[@franciswafula3840]

Hi Tax Advisor, once I have made the advance tax payment, what number do I enter in the 'advance tax' field in the ntsa tims vehicle inspection booking page?

[@MyTaxAdvisor]

Hi there.
Not any single entry is needed with NTSA

[@franciswafula3840]

oh okay, thanks

[@abdirahmanabdikadir9708]

suppose i paid tax advance last year, do i nid to pay them again this year coz kra is saying 'You can not file NIL Return as you have Vehical Advance Tax Credit present. Please declare the same.
' please say something

[@MyTaxAdvisor]

Hi there. When you have advance tax, you never file NIL. You are in business. You must show your profitability and pay the due taxes if any.

[@abdirahmanabdikadir9708]

@@MyTaxAdvisor suppose my taxi is not bringing any income?

[@MyTaxAdvisor]

Then you must claim the advance tax paid by proving it in your profits and loss statements. Same rule applies

[@millie_kamau]

Thank you for this.

[@MyTaxAdvisor]

You're welcome

[@muhiyadinjibril8758]

HOW CAN A PERSON WITH A VEHICLE ADVANCE TAX PAYMENT FILE RETURN?

[@MyTaxAdvisor]

Hi there 👋. You need to declare other sources of income and add advance tax. Please WhatsApp on [phone]

[@christianthuranira451]

hi i was trying to file my return but it has not gone through because i have an advance tax of 3600 yet i have declared i dont have any source of income
how can i go about it?

[@MyTaxAdvisor]

Use the Excel template