What is VAT Return?
A VAT Return is the monthly KRA filing where a business reports output VAT (VAT charged on sales) minus input VAT (VAT paid on purchases) and remits the difference.
A real Kenyan example
Output VAT 240k − Input VAT 90k = KES 150k payable to KRA by 20th of next month.
Formula
VAT payable = Output VAT − Input VAT
Why it matters
Late or incorrect VAT returns trigger penalties and interest. Missing input VAT means lost money.
How Veira helps
Veira generates VAT returns from eTIMS data, output and input automatically reconciled.
FAQs
When due?
20th of the month following the tax period.
What if no sales?
File a nil return, still mandatory.
Where filed?
iTax portal, hydrated by your eTIMS data.
Carry forward credit?
Yes, when input VAT exceeds output VAT.
Does Veira pre-fill it?
Yes.