Filing tax returns is a statutory obligation for every organization with a KRA PIN, and failure to comply results in penalties. The Kenya Revenue Authority requires all businesses to file their returns by June 30 each year. Missing this deadline leads to automatic penalties and interest on late filings or unpaid taxes for your business.
Clearing these penalties is critical. Non-compliance can limit access to essential business requirements such as a tax compliance certificate, which is often needed for tenders, partnerships, and access to key government services.
Pay KRA (domestic taxes & penalties) via Openfloat for Business
Openfloat now enables business owners to pay KRA (domestic taxes & penalties) directly from their Openfloat wallet. This removes the need for manual bill management, paper trails, and costly bank-to-mobile transfers. Businesses can now execute, track, and reconcile bill payments digitally and in real time.
What is Openfloat
Openfloat is a web and mobile-based financial management platform by Pesapal designed to assist businesses in managing expenses and disbursements seamlessly. It enables businesses to manage their corporate spending, track expenses, and disbursements, all on one platform. Openfloat simplifies financial management processes, reducing inaccuracies, and improving cash flow management.
How to pay for KRA (domestic taxes & penalties) on Openfloat for business
To pay KRA domestic taxes & penalties, you have to be a registered business owner using Openfloat. If you are a registered business looking to use Openfloat, you can get started here.
Otherwise, if you already have an Openfloat account
How else can you use Openfloat for your business?
Openfloat platform allows you to:
