How to file KRA Monthly Rental Income Returns online and payment

Kenya Revenue Authority collects revenue for the Kenyan government. The authority goes ahead to tax income that taxpayers have achieved through a specific period of time. In this case we talk about the kra Monthly Rental Income (MRI). Previously the tax on rent income was capped at 10% of the total rent collected. In January 2024, the percentage was reduced to 7.5% thanks to the finance bill 2023 which now allows landlords to pay only 7.5% of their income to kra. Remitting of the rental income is done on a monthly basis on or before 20th every month. In this article we discuss how to file kra Monthly Rental Income online and payment procedures.

Rental Income just like any other obligation can be filed twice. There’s an option to declare the income which you received. This allows for taxation of the amount you received. The second one is for those who haven’t made income as they can declare nil rental income and not pay anything at the end of the month.

Any person who has experience using a phone or PC is capable of declaring the rental income by themselves. All they need is the actual figure, the kra login credentials and always ways on how to pay. Filing KRA Rental Income returns is easy as it doesn’t involve any filling of tax documents. It is just as easy as payment of advance tax for motor vehicle owners.

Requirements to File KRA Monthly Rental Income

• Itax Portal – https://itax.kra.go.ke
• Kra Pin number
• Kra Pin password
• Figure of the income you collected
• An active internet connection

How to file KRA Monthly Rental Income Returns Online

To file KRA Monthly Rental Income returns, you need the information outlined up above. It is important to note that you can do this yourself. And secondly, you can also visit the kra office or branch near for assistance or any cyber care. The procedure for filing kra Rental Income returns is as follows:-

• Open your PC or Mobile Browser (Chrome) preferably use the PC as the itax portal is not that responsive. In the url type in the itax portal link – https://itax.kra.go.ke
• Once loaded, key in your KRA PIN number and click on Continue. Enter the KRA itax portal password and do the security stamp and click on Login
• The itax dashboard is then displayed. Hover your mouse on the Returns Menu and click on File Returns. Under obligation select the Income Tax Rent Income and click on Next
• In the next page enter the monthly you wish to declare your returns. The system should automatically display the month from which you last filed or the current month.
• Next page, enter the number of properties you own. The amount of rental income collected. Below you will notice the tax to pay then click on Submit.
• Download the acknowledgement of returns receipt.
• Proceed to Payment and Make Payment and pick the Income Tax Resident Individual, under obligation select Income Tax Rent Income and pick Self Assessment.
• Choose the amount you just filed and select mode of payment to Other Modes of Payment and click on Submit.
• Print the KRA payment slip generated for payment.

How to pay KRA Monthly Rental Income using M-PESA

Payment of kra taxes done through either at the bank or using mobile banking options such as M-PESA. In this article we check how to pay rent income using M-PESA.

• Go to M-PESA
• Select Lipa na M-PESA option
• Pick Paybill and enter kra paybill number 222222
• Under the account number, enter the payment registration number on the payment slip. It begins with 202024……… and click ok
• Enter the amount to pay
• Key in the M-PESA PIN and wait for confirmation
• Check for confirmation from M-PESA and KRA of the payment.