Revealed: This is the All Time Secret of a Life Well Lived That You’ll Probably Never Get to Read Anywhere Else

What exactly defines a life well lived? That’s a question which was posed in the office the other day and which led to a heated debate for a whole afternoon. Most of the guys had very conflicting opinions as to what they consider being successful.

The examples ranged from downright simplistic to outright outrageous. The most notable one came from one of the lasses who claimed Vera Sidika’s lifestyle was the epitome of a life well lived; the globetrotting, the expensive Clothes and basically the instagram life. Of course majority of us didn’t agree but that was her opinion.

I tend to however think doing the right thing defines success. Adhering to the virtues of hard work, being honest and helping out the less fortunate whenever you can. Being a law abiding citizen also cuts it and makes sure that you safeguard the well being of future generations.

Paying taxes for example is a perfect way of ensuring this because taxes are what drive the economy. They ensure that our kids go to school and that our hospitals are well equipped with medicine and other vital amenities. They ensure that we have a thriving infrastructural agenda and a policy one as well which to my opinion guarantees overall happiness.

Like have you heard about Residential Rental Income tax? This is simply tax payable by any resident person from income which is accrued in or was derived from Kenya for the use of residential property and which does not exceed ten million shillings (Kshs. 10 million) during any year of income. It shall be charged at a rate of 10% on gross rent received on monthly basis and No expenses shall be allowed for deduction.

It came about through the Finance Act 2015 and will be payable on monthly basis on or before the 20th day of the month following rent collection and any tax not paid by the monthly due date will attract penalties and interest as specified in the current Income Tax Act.

So if you are out there and you have been wondering how to make your life more fulfilling, there is a reason to celebrate. And you don’t have to worry about spending hours on end at Times Towers queuing to file your taxes as you can do it at the comfort of your home or even office.

This is through iTax via the iPage facility at KRA website following these easy steps:

• Downloadthe residential rental income tax return form (NB: the return can also be completed online or offline).
• Fill-in the required details in the return.
• Upload the completed return/form and submit.
• Generate the electronic payment slip to use in paying the tax at any KRA appointed bank or via Mpesa/Airtel.

      The KRA Pay Bill Number 572572 and the Account Number is the Payment Registration Number quoted at the top right corner of the generated Payment Slip. If you are using Airtel money, then Dial KRA USSD code *572# to access the menu and select the E-slip generation self-service menu. Proceed to make payment using the E-slip number.

If you follow those easy steps, then that should be about it but just in case you are looking for further clarification, please contact:

• Maurice Okelo
• Rose Kiendi
• Josephine Mugure Ext 2025,Email;

Enquiries can also be directed to the KRA Call Centre; Tel: +254 (020)4999999/+254 (0711) 099 999 or via email: callcentre@kra.go.ke. You may also contact the KRA Help Desk on Tel: +254 (020) 2816095 or visit the Desk at Times Tower Building, Ground Floor or the nearest KRA Station for assistance. You can also communicate with us via email; rentalincome@kra.go.ke