Value Added Tax Explained with Worked Examples
Channel: TaxKenya Shows
Date: 2021-10-15

Value Added Tax in Kenya (Explained with Worked Examples)

Introduction

Value Added Tax is one of the government's tax systems to collect tax revenue from the people to enable the government to fund development expenditure, recurrent expenditure, donations, etc. 

Kenyans need to know the following:

It is mandatory for all taxpayers who have a taxable turnover of over Kenya shillings 5 million (as at the time of writing this book)  in preceding 12 months to register for VAT .

Taxpayers with taxable turnover less than shillings 5 million can voluntarily register for VAT.

The VAT registered taxpayers are expected to comply with the VAT law.

Failure to comply with VAT law attracts tax penalties, interest, and jail term where applicable.

Value Added Tax in Kenya (explained with worked examples) is appropriate for taxpayers, tax professionals, and tax and business students. 

Knowledge is power, and knowledge is wealth. 

Value Added Tax is explained in simple, concise layman language.

What the e-book contains

The e-book contains the following Chapters:

Chapter 1: Introduction

Chapter 2: Interpretation Of VAT Terms

Chapter 3: VAT Registration

Chapter 4: VAT De-Registration

Chapter 5: Imposition Of VAT

Chapter 6: Charge To VAT

Chapter 7: Place Of Supply Of Goods And Services

Chapter 8: Time Of Supply Of Goods And Services

Chapter 9: Computation Of Output VAT

Chapter 10: VAT On Imported Goods

Chapter 11: Input VAT

Chapter 12: Relief Of VAT

Chapter 13: Refund Of VAT

Chapter 14: Information Technology In VAT Administration

Chapter 15: VAT Returns

Chapter 16: VAT Assessments

Chapter 17: Offences In he VAT Act

Chapter 18: VAT Penalties

Chapter 19: Collection Of VAT

Chapter 20: VAT Debt Objections

Chapter 21: VAT Appeals


Why the e-book?

The potential benefits of the Value Added Tax in Kenya (explained with worked examples) are:

To assist taxpayers to comply with the tax system and avoid tax fines, tax penalties, tax interest, and possible jail time where applicable.

To assist tax professionals offer tax services as experts.

To assist tax and business students understand VAT tax system to prepare for their future careers in tax.

The book is available from:

Jungle kingdom books.com: https://www.junglekingdombooks.com/  

 Amazon.com:-  https://amzn.to/3p8Kwgb