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KRA Eyes Sh400bn from Purge on Invoice Cheats

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

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