Income Tax
The Kenya Revenue Authority has advised salaried individuals that they can still submit annual tax returns via the iTax portal even without employer-issued P9 forms.
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Experts advise paying income tax in full if possible, but parceling up to eight times via Receita Federal beats taking loans. Parcel interest is 1% plus accumulated Selic, lower than rates for payroll loans, overdrafts, and credit cards. Simulations show significant savings by avoiding costlier debts.
The deadline for the third advance tax instalment for FY26 is nearing on December 15. Taxpayers must understand who needs to pay, what constitutes advance tax liability, and the penalties for missing it. This payment is crucial under the Income Tax Act 1961.