Home SK - Stocks, Property, Investment Chamas - Investment Groups BIZ - Small Business Soko - Market Wazua Life About Wazua
SIGN IN REGISTER
Thursday, Nov 15, 2018
SME
To contribute to these and use other features, please register.
LATEST DISCUSSIONS
We specialized in Loans and Project Funding, BG, ... [4]
Website [17]
We are genuine providers of Loans, Project Finance [5]
[ideas] Private race track [1]
Random business idesas [16]
Nipe Lift [10]
SHOCKED - Less than 15,000 Nairobian's earning abo... [197]
55 Business Ideas with ready business plans [7]
Start part time job [1]
Flour Milling Business [23]
Jobless in Kenya? Perhaps you need to rethink your... [12]
VOIP -Mobile termination business [12]
Kenya's Bonfire named Africa's top travel agency [1]
what is PEO ? Company really need it? [1]
AirBnB [9]
 
Forum Jump


Welcome Guest Search | Active Topics | Log In | Register

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


Joined: 11/7/2017
Posts: 181
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: 9,529
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: 181
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: 12,671
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


Poverty is the root of all evil
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.

Home | . .. Investor | .. . Groups | .. . SME | . . . Market | .. . Club SK | . ..... About Wazua | . .. Search | . ..Sitemap | . ..Support | . ..Disclaimer | . ..Privacy Policy | . ..Terms of Use | . .. Contact Us
Copyright © 2018 Wazua.co.ke. All Rights Reserved.