Welcome to our latest video on "Monthly Rental Income Tax (MRI): Are you a Landlord? A Must Watch to Avoid KRA Penalties and Fines." In this video, we will be discussing the importance of paying Monthly Rental Income Tax (MRI) if you are a landlord in Kenya.
Many landlords are unaware of their obligations when it comes to MRI and the consequences of non-compliance. In this video, we will explain what MRI is, how it works, and who is required to pay it. We will also discuss the penalties and fines that landlords may face if they fail to comply with the regulations.
We will provide a step-by-step guide on how to calculate and file your MRI returns, including the documents required and the deadline for submission. We will also explain the different types of deductions that landlords can claim to reduce their MRI liability.
Finally, we will answer some common questions about MRI, such as how to register for MRI, how to make payments, and what to do if you have arrears. We will also provide some tips on how to keep track of your rental income and expenses to avoid any issues with KRA.
By the end of this video, you will have a clear understanding of your obligations as a landlord when it comes to MRI and how to avoid penalties and fines. So, if you are a landlord in Kenya, don't miss this must-watch video. Join us as we guide you through the process of paying Monthly Rental Income Tax.
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24 сен 2024