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Legal Obligations
Stiffler
#1 Posted : Monday, August 06, 2018 9:37:13 PM
Rank: Member


Joined: 11/7/2017
Posts: 186
Location: Nairobi
Forgive my ignorance here. What are the legal obligations of Companies. I know VAT should be filed before 20th of the next month. What else;

1. Should a company file returns annually and what are the Consequences of not doing so

2. If a Director wants to quit, what is the procedure. Read somewhere that one should submit resignation to the Board. Bla bla

3.Can you file nill returns indefinitely ... ...

4. To reduce tax obligations, can one claim personal expenditure as company expense

Angelica _ann
#2 Posted : Monday, August 06, 2018 10:51:53 PM
Rank: Elder


Joined: 12/7/2012
Posts: 11,901
PAYE - 9th of next month

NSSf

NHIF

Withholding tax

Turn over tax ama quarterly tax

In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
Stiffler
#3 Posted : Tuesday, August 07, 2018 6:12:11 AM
Rank: Member


Joined: 11/7/2017
Posts: 186
Location: Nairobi
Angelica _ann wrote:
PAYE - 9th of next month

NSSf

NHIF

Withholding tax

Turn over tax ama quarterly tax



NSSF, NHIF and Withholding tax are due on 9th every month ..?!

what about small companies that dont deduct the same, should they also file zero returns every month ...?!
Swenani
#4 Posted : Tuesday, August 07, 2018 7:34:33 PM
Rank: User


Joined: 8/15/2013
Posts: 13,236
Location: Vacuum
Stiffler wrote:
Forgive my ignorance here. What are the legal obligations of Companies. I know VAT should be filed before 20th of the next month. What else;

1. Should a company file returns annually and what are the Consequences of not doing so

2. If a Director wants to quit, what is the procedure. Read somewhere that one should submit resignation to the Board. Bla bla

3.Can you file nill returns indefinitely ... ...

4. To reduce tax obligations, can one claim personal expenditure as company expense



Yes, though you will need to add it as an allowance to your salary as an individual(not the company) and be subjected to PAYE


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