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The Income Tax Act is the most important tax used in Kenya. It is up to the employer to make sure that the taxes are deducted at source, that employees pay taxes and that they have a personal identification number (PIN) with the KRA. There is a fine of $22 for every payment made to an employee who does not have a PIN.
The Authority is charged with collecting revenue on behalf of the Government of Kenya. [1] The Authority's core operations are:-. To assess, collect and account for all revenues in accordance with the written laws and the specified provisions of the written laws. To advise on matters relating to the administration of, and collection of revenue ...
An individual’s PIN is the four-digit code they set after opening a debit account with their bank of choice. It is used as a layer of authentication when they perform an electronic transaction ...
RAS syndrome, where RAS stands for redundant acronym syndrome (making the phrase "RAS syndrome" autological) is the redundant use of one or more of the words that make up an acronym in conjunction with the abbreviated form. This means, in effect, repeating one or more words from the acronym. For example: PIN number (expanding to personal ...
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A personal identification number (PIN), PIN code, or sometimes redundantly a PIN number, is a numeric (sometimes alpha-numeric) passcode used in the process of authenticating a user accessing a system. The PIN has been the key to facilitating the private data exchange between different data-processing centers in computer networks for financial ...
The identification number has 8-digit standard format: NNNNNNN (N), where N is a numeric digit 0–9. The first numeric digit N has special meaning, and it can be one of the following digits: '1', '5' or '7'. '1': The first-time date of issuance of ID card to the bearer was 1992 or later.
ISO 9564. ISO 9564 is an international standard for personal identification number (PIN) management and security in financial services. The PIN is used to verify the identity of a customer (the user of a bank card) within an electronic funds transfer system, and (typically) to authorize the transfer or withdrawal of funds.