Rental income tax in SwiftlyBooks

Check the return

• The rent received in the month comes first, before VAT, by property. Press it to see the payments.
• The first K2,500 of the month is at 0%, then 4% up to K800,000 for the year, and 16% above that.
• The year so far shows the rent received this year, and what is left before 16%.

File and pay

1. Press Download, and file the return on TaxOnline by the 14th of the month after.
2. Press Mark as filed. The month's tax goes on the books.
3. Once it is paid, press Pay ZRA, give the PRN, and press Record the payment.

Landlords' rent

• Under Landlords, each landlord's tax on the rent collected for them shows.
• Where their terms say so, press Pay ZRA beside them. It is paid from the trust account under their TPIN.
• Otherwise it is worked out on their statement.

Good to know

• Only rent actually received counts, not rent invoiced.
• Tax that a tenant appointed by ZRA withheld comes off, against its certificate.
• Rent recorded later for a filed month goes into the next return.

Related

• Leases
• Landlords
• Landlords' money
• Turnover tax