The Kenya Revenue Authority (KRA) targets to net about Sh400 billion from a purge on businesses dodging taxes through false invoice declarations.
The taxman says its new Tax Invoice Management System (eTIMS) would give it access to full trading information real-time, filling the gap many businesses have used to pay fewer taxes.
The KRA said it would particularly target rogue traders who have been issuing fictitious invoices or making sales without issuing invoices.
Source: nation.africa
Latest Posts in "Kenya"
- Kenya Implements New Import Compliance Obligations
- Kenya High Court Rules Payment Services as VAT-Exempt, Overturns Tribunal Decision
- KRA Reminds Operators to Renew Bonded Warehouse and MUB Licenses by December 2025
- KRA Reminds Transporters to Renew Transit Goods Vehicle Licenses by October 31
- KRA Announces Customs Agents License Renewal Applications for 2026
