DTD INTEGRATED TAX MANAGEMENT SYSTEM (iTax) CGT/LSK WORKSHOP 29 TH AUGUST 2016
What is iTax • iTax is a web-enabled and secure application system that provides a fully-integrated and automated solution for administration of domestic taxes. • Enables online PIN registration, returns filing, payment registration, actual payments, status inquiries, and real-time account monitoring. • Enables online back office processing of all DTD transactions by DTD staff. Why iTax? • Re-engineer business processes for effectiveness & efficiency • Simplify tax processes and make it easy for Taxpayers to comply • Reduce time taken by stakeholders when dealing with KRA • Enhance the ability of DTD and taxpayers to account for taxes • Increase revenue.
iTax modules (used tax agents). No. Module Name 1 Taxpayer Registration 2 Tax Return Processing 3 Bank Collections 4 Taxpayer Account 5 Tax Credits & Refunds 6 Compliance & Monitoring 7 Audit 8 Technical Support Services 9 Debt & Enforcement 10 Payment Processing Plan 11 Taxpayer Services 12 Portal
iTax Highlights Registration All PIN applications are done through iTax All PIN generated prior to iTax have to be updated in iTax by providing additional registration details. Single application for Company Registration Certificate, KRA PIN,NSSF and NHIF already rolled out. The online aversion will soon be rolled out through the e-citizen portal. Return Filing Electronic Filing based on Excel/Open office Returns are completed offline, ie taxpayer downloads Return , fills it and thereafter uploads the zipped file generated upon validation. Pre populated returns progressively being rolled out.
iTax Highlights Payments 42 Commercial Banks integrated with iTax (KRA Payment Gateway) thus enabling taxpayers make payments conveniently via online banking, cash, cheque or RTGS. Integration with CBK and IFMIS on going to ensure tax payment by Government Agencies and Ministries are all captured in iTax. Taxpayer Account Real time update of ledger upon payment registration and submission of payments through designated partner banks. iTax ledger provides a holistic view of a taxpayer. Taxpayers have access to their ledgers.
Available on the portal PIN Application, PIN Checker WHT Certificate Checker TCC Application, TCC checker Generate E-Slip Electronic filing and amending returns, View Tax Returns Filed View Taxpayer Account/Ledger E-Query Application for Refund, Transfer of Tax Credits Application for Payment Plan Application for Waivers and Write Offs
Tax Agents Tax Agents: An updated electronic register of Approved Tax Agents maintained in iTax. Interviews and approvals for Tax Agents are conducted by the Tax Agents Committee. Applicants drawn from ICPAK, LSK, and former Tax Officers. Once nominated, an agent is enabled to transact on behalf of a client in iTax.
Capital Gains Tax (CGT), and Stamp Duty Taxpayer services associated with Capital Gain Tax (CGT) and Stamp Duty are provided through iTax. Taxpayers will be required to fill CGT return directly from the iTax Portal to declare the CGT. iTax system would calculate CGT payable based on the information declared, then generate an Acknowledgment Receipt and Payment Registration Slip showing the declared transaction. Taxpayer proceeds to pay at any partner bank using the PRN . Twinning of CGT and Stamp Duty payments is work in progress and will soon be rolled out.
THE END COMMENTS AND QUESTIONS THANK YOU
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