DOES KRA PIN HAVE ANY FORCE OF LAW?
WHAT IS PIN? (Obtain your PIN now its free! Click Here)
Obtain your PIN now its free! Click Here
- A Partnership, where the partners are not husband and wife, must obtain PIN.
- A sole proprietorship will use the proprietorâ€™s individual PIN for all transactions.
DOES PIN HAVE ANY FORCE OF LAW?
WHAT IS THE PURPOSE OF PIN?
Under the 13th schedule of the Income Tax Act, transactions requiring Pin include, among others, the following:-
WHICH DOCUMENTS SHOULD BEAR PIN?
PIN RELATED OFFENCES
Section 132(7) provides that any person who, when required by the Commissioner, fails to comply with provisions of this section shall be liable to a default penalty of two thousands shillings for every omission, e.g. if an employer fails to disclose his employeesâ€™PINs, he will be liable to default penalty stated above for each of the employees.
The application of PIN is fast extending into other sectors of the economy such as banks, Postal Corporation, Telkom Kenya, mobile phone providers e.t.c.
IT IS ABSOLUTELY FREE AND CAN BE OBTAINED ONLINE Click Here
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