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Appendix 1 ACCOUNT OPENING KIT S. N o. Name of the Document INDEX Brief Significance of the Document Page No MANDATORY DOCUMENTS AS PRESCRIBED BY SEMI & EXCHANGES 1 Account Opening Form A. ERA KYC

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How to fill out kra form version 7

How to fill out KRA Form version 7:

01

Start by carefully reading the instructions provided with the form. This will give you a clear understanding of the information required and the sections that need to be filled out.

02

Begin by filling out your personal details section. This includes your full name, national identification number, postal address, and contact information. Make sure to provide accurate and up-to-date information.

03

Move on to the employment details section. Here, you will need to provide information about your current employer, including their name, PIN number, and physical address. If you have multiple employers, ensure to provide details for each.

04

Proceed to the income details section. This is where you will provide information about your income sources, such as employment income, rental income, dividends, and any other sources of income. Provide accurate and detailed information about each income source.

05

Fill in the deductions section, where you will provide information about any allowable deductions you might have. This can include personal relief, mortgage interest, pension contributions, and other deductible expenses. Make sure to provide the necessary documentation to support your deductions.

06

Complete the tax computation section. This is where you calculate your tax liability based on the information provided in the previous sections. Carefully follow the instructions to ensure accurate calculations.

07

Finally, sign and date the form to certify that the information provided is true and accurate to the best of your knowledge. Remember to attach any necessary supporting documents as instructed.

Who needs KRA Form Version 7?

KRA Form Version 7 is required by individuals who are residents of Kenya and have various income sources. It is particularly important for taxpayers who have multiple employers or receive income that is subject to different tax rates. If you earn income from employment, rental properties, business ventures, or any other taxable sources, you will likely need to fill out KRA Form Version 7 to accurately declare your income and calculate your tax liability. It is crucial to ensure compliance with Kenya's tax laws and fulfill your obligations as a taxpayer.

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What is kra form version 7?

KRA form version 7 is a tax form used for filing returns with the Kenya Revenue Authority.

Who is required to file kra form version 7?

Individuals and businesses earning income in Kenya are required to file KRA form version 7.

How to fill out kra form version 7?

KRA form version 7 can be filled out online or in person at a KRA office. The form requires details such as income, expenses, and tax deductions.

What is the purpose of kra form version 7?

The purpose of KRA form version 7 is to report income earned and calculate tax liability for individuals and businesses.

What information must be reported on kra form version 7?

Information such as income, expenses, tax deductions, and any other relevant financial details must be reported on KRA form version 7.

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