Business Daily | by Elizabeth Kivuva
The Kenya Revenue Authority (KRA) will start receiving real-time data on traders’ daily sales following the publication of a new law that allows the taxman to monitor transactions using Internet-enabled electronic tax registers.
The new regulations published by Treasury Cabinet Secretary Ukur Yatani on Friday require businesses to install new electronic tax registers connected to the KRA’s systems, escalating the war on tax cheats.
All businesses that have an annual turnover of at least Sh5 million are by law required to have electronic tax registers…
