Maeri Point Limited

Client: Maeri Point Limited
Project Title: KRA Tax Audit Assignment
Commencement Date: January 2025
Project Duration: Ongoing (Monthly Compliance)
Service Scope: Tax Reporting, Filing, Compliance Consulting

Overview

Tomamoru was entrusted with the responsibility of Tax Audit for Maeri Point Limited, a growing company with expanding operations. The assignment involves ensuring full compliance with Kenya Revenue Authority (KRA) tax regulations. This includes monthly income tax returns, VAT submissions, PAYE calculations for employees, and overall tax reporting accuracy.

1. Pre-Audit Risk Assessment

• Review the client’s financial records, tax returns, and KRA filings.

• Identify areas of risk or non-compliance that could attract penalties.

• Prepare a risk matrix and recommendations before the audit begins.

2. Audit Representation

• Act as the official liaison between the client and KRA auditors.

• Attend audit meetings, respond to audit queries, and submit documents on behalf of the client.

• Ensure all responses are legally sound and well-documented.

3. Documentation Support

• Organize and compile all required documents such as:

  • VAT returns

  • Income tax filings

  • PAYE returns

  • Withholding tax records

  • Supporting ledgers and bank statements

4. Tax Reconciliation

• Reconcile the client’s books with filed tax returns.

• Identify discrepancies between financial records and KRA iTax submissions.

5. Legal and Technical Advice

• Interpret and explain tax laws and KRA guidelines relevant to the audit.

• Advise on allowable deductions, tax exemptions, and compliance defenses.

6. Negotiation and Settlement

• If the audit results in a tax demand, help negotiate for:

  • Waivers or reductions in penalties and interest.

  • Structured payment plans (instalment plans with KRA).

  • Alternative dispute resolution if necessary.

7. Post-Audit Support

• Assist in implementing audit recommendations or corrections.

• Update tax compliance processes to avoid future risks.

• Prepare for possible appeals if the client disputes KRA findings.

Impact & Results

Since commencement in January 2025, Tomamoru’s proactive tax audit has helped Maeri Point Limited achieve:

• Zero penalties or late submission fines.

• Streamlined payroll processing and tax deduction compliance.

• Enhanced understanding of tax-saving options available for their business operations.

With a dedicated team and a systematic approach, Tomamoru continues to ensure that Maeri Point Limited remains fully tax-compliant, allowing them to focus on growth without tax-related interruptions.

Client Testimonial

“Tomamoru has been instrumental in keeping us compliant with all tax regulations. Their professionalism and dedication have given us peace of mind, knowing that our tax obligations are in capable hands.”
— Maeri Point Limited Management