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Traders face jail, Sh1m fine as KRA enforces new tax registers

The new system grants the taxman real-time access to invoices. It also means businesses will not use suppliers who do not have a Tax Invoice Management System (TIMS) machine.

Select firms to remit taxes daily in new plan

The Finance Bill 2023 is seeking to impose daily remittance of excise duty on firms with a history of falsifying actual sales through self-declaration.

KRA enlists big companies to arrest wealthy tax cheats

Bigger companies will be penalised for doing business with suppliers not listed on the electronic tax invoice registry.

KRA to monitor telcos daily sales in tax evasion fight

The Kenya Revenue Authority (KRA) has flagged mobile telecom operators for possible under-declaration of airtime, Internet and mobile money transaction sales.

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