wazua Sun, May 5, 2024
Welcome Guest Search | Active Topics | Log In | Register

reverse charges VAT
Options
Previous Topic · Next Topic
fmukola
#1 Posted : Wednesday, November 16, 2011 10:27:21 AM
Rank: Hello


Joined: 11/16/2011
Posts: 1
Hi pple,can someone advice on reverse charge vat in kenya and the best accouting method.Fm ,Thika
Back to top
 Report Abusive | Report SPAM | Edit by user: Wednesday, November 16, 2011 10:37 AM | Reason: Not specified
mukiha
#2 Posted : Wednesday, November 16, 2011 10:31:59 AM
Rank: Elder


Joined: 6/27/2008
Posts: 4,114
fmukola wrote:
Hi pple,can someone advice on reverse cahrge vat in kenya and the best accouting method.Fm ,Thika


What is that?
Nothing is real unless it can be named; nothing has value unless it can be sold; money is worthless unless you spend it.
Back to top
 Report Abusive | Report SPAM
klan
#3 Posted : Wednesday, November 16, 2011 12:08:46 PM
Rank: Member


Joined: 3/3/2011
Posts: 119
fmukola wrote:
Hi pple,can someone advice on reverse charge vat in kenya and the best accouting method.Fm ,Thika


this is VAT charged on services imported into kenya.e.g trainings
it is payable by the recepient of the srvices but is claimable.

it is paid and claimed in the nxt month
Back to top
 Report Abusive | Report SPAM
sparkly
#4 Posted : Wednesday, November 16, 2011 4:52:06 PM
Rank: Elder


Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
fmukola wrote:
Hi pple,can someone advice on reverse charge vat in kenya and the best accouting method.Fm ,Thika


VAT on services provided by a person out of Kenya to a person registered for VAT in Kenya.

VAT is paid by the person importing the services, since the person providing the service is out of Kenya and KRA has no way of enforcing out of Kenya.

Payment is through form "VAT 28" and the VAT is claimed through "VAT 3" return.

For more info holla sparkly99(at)ovi(dot)com
Life is short. Live passionately.
Back to top
 Report Abusive | Report SPAM
EndowGaze
#5 Posted : Wednesday, March 23, 2016 2:42:20 PM
Rank: New-farer


Joined: 10/2/2012
Posts: 21
Hi guys, I need your advise on Reverse VAT. We hired expatriates staff from Thailand using a recruitment agency based in Dubai. The staff worked in Kenya. Now according to KRA we needed to pay for Reverse VAT for the fees paid to the recruitment agent. I am immensely confused. I welcome your input.
Money is like manure. You have to spread it around or it smells. ~ J. Paul Getty
Back to top
 Report Abusive | Report SPAM
Users browsing this topic
Guest
Forum Jump  
You cannot post new topics in this forum.
You cannot reply to topics in this forum.
You cannot delete your posts in this forum.
You cannot edit your posts in this forum.
You cannot create polls in this forum.
You cannot vote in polls in this forum.

Wazua SME Theme
Powered by YAF | YAF © 2003-2009, Yet Another Forum.NET
Copyright © 2024 Wazua.co.ke. All Rights Reserved.