Tag: tax returns
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KRA to Validate Income and Expenses in Tax Returns from January 2026: What it Means for Kenyans
Overview: A New Era of Tax Validation in Kenya The Kenya Revenue Authority (KRA) has announced a landmark shift set to begin on January 1, 2026: the validation of income and expenses declared in all individual and non-individual income tax returns. This policy move aims to strengthen tax compliance, reduce misreporting, and improve the accuracy…
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KRA to Validate Income and Expenses in Tax Returns Starting January 2026
Overview: What changes lie ahead for Kenya’s tax system? The Kenya Revenue Authority (KRA) has announced a significant shift in how income and expenses are treated in tax returns. Starting January 1, 2026, the authority will begin validating the income and expenses declared in all individual and non-individual income tax returns. The move aims to…
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Government Scraps Asset Valuation Requirement in Tax Returns
Overview of the Decision In a significant shift, the government has scrapped the asset valuation column from the tax return form for the fiscal year 2025. This decision, made on the directive of Prime Minister Shehbaz Sharif, follows mounting pressure from various stakeholders including tax practitioners and legal experts. The move has sparked renewed discussions…
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Govt Scraps Asset Valuation Requirement from Tax Returns
Introduction In a significant shift, the government of Pakistan has decided to eliminate the asset valuation column from the income tax return form for the year 2025. This decision, made under the directive of Prime Minister Shehbaz Sharif, comes on the heels of mounting criticism from various stakeholders, including tax practitioners and legal experts. Background…