KRA PIN Registration: KRA PIN (Personal Identification Number) is a unique identifier issued by the Kenya Revenue Authority to individuals and businesses for tax purposes. It is a mandatory requirement for anyone engaging in economic activities in Kenya. LNM Tax offers a service to assist individuals and businesses in the registration process.
The process typically involves the following steps:
- Document Preparation: LNM Tax helps clients gather and prepare the necessary documents required for the registration process. This may include identification documents, business registration certificates, and other relevant paperwork.
- Online Application: The actual registration is usually done online through the KRA iTax system. LNM Tax assists clients in filling out the required forms accurately and submitting them through the online portal.
- Follow-up and Communication: LNM Tax may also provide assistance in following up with the KRA to ensure that the registration process is smooth. This may involve addressing any queries or providing additional information as requested by the tax authority.
KRA PIN Deregistration: There are instances when individuals or businesses may need to deregister their KRA PIN. This could be due to business closure, change in tax status, or other reasons. LNM Tax may offer services to facilitate the deregistration process, which may include:
- Assessment of Eligibility: LNM Tax helps clients determine if they meet the criteria for deregistration. This involves reviewing the client’s current business or tax status to ensure that all requirements are met.
- Document Submission: Similar to the registration process, LNM Tax assists in the preparation and submission of the required documents for deregistration. This may involve submitting a formal request to the KRA explaining the reasons for deregistration.
- Follow-up: LNM Tax may follow up with the KRA to ensure that the deregistration process is completed and that the client’s tax records are updated accordingly.
It’s essential to check the latest guidelines and requirements from the KRA, as they may change over time. Additionally, LNM Tax may have specific processes and services unique to their organization, so it’s advisable to refer to their official documentation or contact them directly for the most accurate and up-to-date information.