Maximize Your Impact, Minimize Your Worries
Navigating taxes can feel overwhelming, especially for Non-Governmental Organizations (NGOs) working hard to create meaningful change. But here’s the good news: understanding the tax landscape can enhance your organization’s impact. At True North, we’re here to simplify the process for you.
Good News: Tax Savings for NGOs
Did you know many NGOs in Kenya qualify for tax exemptions? That means more funds to drive your mission forward. However, there are a few things to keep in mind:
- Focus on Your Mission: NGOs engaged in community improvement or environmental protection are strong candidates for tax exemptions.
- Be Cautious with Side Incomes: Revenue from activities unrelated to your core mission may still be taxable.
Steps to Register for Tax Exemption
Here’s what you need to secure those tax benefits:
- NGO Coordination Board Approval: Demonstrate your legitimacy as a registered NGO.
- KRA Certification: Obtain a Tax Exemption Certificate along with your Personal Identification Number (PIN).
Our team at True North can guide you through the registration process to ensure everything is done right.
Stay Organized with Your Records
Accurate record-keeping is essential for compliance and maintaining your tax-exempt status:
- File Annual Returns: Ensure they are submitted on time to the KRA and NGO Coordination Board.
- Maintain Receipts: Track every transaction to keep your finances transparent and manageable.
Not sure where to start? Let us help you stay on top of your financial records.
Exceptions to Be Aware Of
While tax exemptions are a major benefit, some incomes are still taxable, including:
- Business Income: Revenue from unrelated business activities.
- Investment Income: Earnings from financial investments.
True North can help you navigate these exceptions so you stay compliant without sacrificing your mission.
Partner with Experts
Tax laws can be complex and constantly changing. Having an expert on your side ensures you’re maximizing your benefits while minimizing risks.
At True North, we specialize in helping NGOs like yours streamline their tax processes, so you can focus on making a difference.
Take the Next Step
Understanding your tax obligations doesn’t have to be a headache. With the right guidance, you can save time, money, and energy—allowing you to focus on what truly matters.
📞 Contact us today for a free consultation and let us guide your NGO toward greater impact and tax efficiency.
Visit us at true-north.co.ke to learn more!