Last news

NEWS

The tax receipt revolution in Kenya

New machines, adjustments (or fines) from 1 August

28-07-2022 by redazione

Only four days to go until Kenya's tax receipt revolution.

As of 1 August 2022, in fact, anyone with a business registered with the V.A.T. (the Kenyan VAT) will have to own a new ETR machine and connect it to the internet to transmit real-time data on sales of services offered, every day, to the Kenyan Revenue Authority (KRA). While Kenyan manufacturers and traders are engaged in a race against time to learn how to use these machines, without having received comprehensive instructions on how to use them, on the other hand, the suppliers of the ETRs have practically run out of stock and cannot meet the demands of those who 'woke up' at the last minute.
The deadline of 31 July had in fact already been decided two months ago and at this point it is hoped and probable that there will be a postponement.
Also because the fines for those who do not use the new online transfer system or are found without the new 'ETR machine' may be subject to a fine of 1 million shillings or alternatively a prison sentence of three years.
Recall that the law requires all Kenyan-registered businesses with a turnover of at least five million shillings to equip themselves with ETR machines and are now obliged to purchase those with the new anti-fraud technology, at a minimum price of Kes. 70,000.

The new technology will allow the KRA to better monitor merchants' transactions, with the aim of minimising revenue leakages and corruption incidents and replenishing the state coffers, which is one of the ways implemented by the government to reduce public debt.
Among the various innovations to combat corruption, KRA recently stated that IRS employees will have to wear mail-order webcams in order to monitor any illegal activities.

Operators will also be required to ask the IRS, after the end-of-day report, for permission to carry out any other activity the following day, which means that incorrect or incomplete data recorded the previous day could block them. Members will be able to see their i-Tax page continuously updated.

TAGS: fiscoKRAscontrinicorruzionericevute

The Malindi Safaricom change the headquarters of the main store to the public. Since yesterday the main Kenyan telephone company has moved its shop windows and its doors from the shop (now become too small) in Kenyatta Road (one hundred...

by redazione

It's official: electronic travel authorisation to enter Kenya...

READ THE ARTICLE

PERMISSIONS

by redazione

Shells in Kenyan homes: just a receipt of the shopkeeper or stall (with stamp or reliable data seller) and there will be problems.
Another step forward for the proper holding of shells into the houses of Malindi.
 

READ ALL

He still has many dark contours, the story starring our compatriot Mario Mele, fifty-six of Nuoro, a resident of Malindi for the past seven years. After the raid in his club, Mario's (ex Pata Pata) inside the Oasis shopping center...

READ ALL THE REVIEW

OFFICES

by redazione

The Commission office Ethics and Anti-Corruption (EACC) for the North Coast of Kenya inaugurate the office in Malindi.
It was the Deputy Director General of the Commission, Michael Mubea, to formally open the seat, after a week of awareness in...

READ ALL

Kenya is a country where it is definitely worth investing its economic resources to make them pay...

READ THE ARTICLE

Kenya is trying again to fight corruption by fielding the president's men who have shown seriousness an...

READ THE ARTICLE

During the pandemic period, the government's decision to add a new tax, the 'minimum tax', to the tax burden...

READ ALL THE ARTICLE

Kenya's Supreme Court has given the order to speed up paperwork for the introduction of...

READ ALL THE ARTICLE

by redazione

The Kenya Revenue Authority has announced a 30-day ultimatum for all PIN number holders who fail to...

READ ALL THE ARTICLE

Everything had come to a halt before the pandemic, then the long election season, and now finally, thanks to...

READ ALL THE ARTICLE

by redazione

The grip of the Kenyan taxes is tightened on those who rent houses, villas and apartments...

READ ALL THE ARTICLE

Autumn always brings as a gift the ailments not cured in the previous season and...

READ ALL THE ARTICLE