Get to know the major Differences Between KRA PIN Amendment and KRA PIN Update and what each one entails online today at Cyber.co.ke Portal.
There is a big difference between KRA PIN Amendment and KRA PIN Update. Many taxpayers in Kenya interchange these two terms which are completely unrelated. Learn the key differences between these two key term as used on KRA iTax Portal.
In this blog post, I am going to share with you the basic things that you need to know about KRA PIN Amendment and KRA PIN Update. First things first. We need to take a look at each one so as to get to know what each one entails.
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Differences Between KRA PIN Amendment and KRA PIN Update
So, this is what we are going to address and cover in this blog post. We shall look at the six key areas and which one entails.
- What is KRA PIN Amendment?
- What is KRA PIN Update?
- What Details of KRA PIN can be Amended?
- Conditions for Auto Approval of KRA PIN Amendment?
- Changes on PIN that requires Approval from KRA Officer
- Differences between KRA PIN Amendment and KRA PIN Update
Please note that we shall be putting more focus on KRA PIN Amendment through this blog post. Let us begin and find out the Differences Between KRA PIN Amendment and KRA PIN Update.
What is KRA PIN Amendment?
KRA PIN Amendment is the process of changing the details on the KRA PIN that is already on KRA iTax Portal. It is important to note that Amendment can only be done on KRA PINs thare already on the new iTax Portal. This process of amending the details on iTax Portal is waht is referred to as KRA PIN Amendment.
What is KRA PIN Update?
KRA PIN Update is the process of migrating the KRA PIN that is not yet on iTax Portal into the iTax Portal. This process of migrating the KRA PIN is what is called KRA PIN Update. All KRA PINs that are not yet on the iTax Portal need to be migrated there as per the instructions issued by Kenya Revenue Authority.
What Details of KRA PIN can be Amended?
For KRA PIN Amendment, you need to take note that we are amending the KRA PIN. Below are the sections on your KRA PIN that can be Amended using iTax Portal.
- Basic Information
- Bank Account Details
- Tributary Bonds
- Tax Agent authorized to submit application on behalf of the taxpayer
- Value Added Tax
- Alternative Address and Contact Details
- Partnership, Corporate and Trust Trust Information
- Source of Income
- Intermediary Agent to submit returns on behalf of the Taxpayer
The above forms the key areas on your KRA PIN that can be amended.
Conditions for Auto Approval of KRA PIN Amendment?
You need to take note that KRA PIN Amendment requires some approval. Verification task by KRA Officer will not be generated of you make changes to following fields on your KRA PIN:
Section A: Basic Information
- Trading/Business Name – If different that registered name
- Do you wish to declare Legal Representative?
- Principle Postal Address
- Principle Contact Details
- Alternative Address and Contact Details
- Bank Account Details
Section C: Source of Income Details
- Details of Economic Activities
Section E: Agent Details
- DetAtails of Tax Agent
- Details of Intermediary Agent
From the above, take note that if you Amend any of the above section, it will be automatically approved by the system.
Changes on PIN that Require Approval by KRA Officer
If you make amendment changes to the following section, it will require an approval from KRA Officer. A task will be automatically generated and you will have to wait for Approval of the Amendment. In most cases the approval notice is normally sent to your registered email address.
- Change of Tax Area / Location
- Tax Obligations
- Source of Income
Differences between KRA PIN Amendment and KRA PIN Update
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You can get your KRA PIN Updated online at Cyber.co.ke Portal by using our KRA PIN Update services.
READ ALSO: How To Make Advance Tax Payment via Bank (Part 2)
Here at Cyber.co.ke Portal, we enable Kenyans to order and pay for KRA iTax Services such as KRA Individual Services (KRA PIN Registration, KRA PIN Retrieval, KRA PIN Update and KRA PIN Change of Email Address), KRA Non Individual Services (Company KRA PIN Registration and Self Help Group KRA PIN Registration), KRA Business Services (Business Income Amendment, Turnover Tax Amendment, Presumptive Tax Payment and KRA Turnover Tax Returns Filing) and KRA Returns Services (KRA Nil Returns Filing and KRA Employment Returns Filing) quickly and easily.
Apply and pay for online KRA iTax Services using our Lipa na M-PESA Till Number: 745508. We process all your KRA iTax Services orders quickly as soon as the order has been made online. We are here to assist and help you as your preferred online cyber partner in Kenya.