The module seeks to reconcile input tax claimed by purchasers with the output tax declared by sellers. This is one of the recent efforts by the Kenya Revenue Authority (KRA) to make use of data analytics, in tandem with the global trend aimed at enhancing tax compliance by using digital technology.
Source: businessdailyafrica.com
Latest Posts in "Kenya"
- Kenya Enacts Tax Procedures Amendment Act 2024: Key Changes and Implementation Dates
- KRA to Integrate eTIMS and VAT Tools into GavaConnect, Engaging 1,000 API Developers
- Understanding VAT on Imported Services in Kenya: Compliance and Reverse Charge Mechanism Explained
- Complying with Kenya’s Mandatory Electronic Invoicing: A Guide to TIMS and KRA Requirements
- KRA Proposes Automated VAT Collection from Mobile Money Transactions to Enhance Tax Compliance
