Tax Compliance News

The latest tax compliance coverage from The News Booth — 2 stories and counting.

Business

KRA Uncovers Sh4 Billion VAT Fraud Involving 72 Entities

The Kenya Revenue Authority (KRA) has uncovered a Sh4 billion value-added tax (VAT) fraud scheme involving 72 entities that allegedly generated fake electronic invoices worth Sh33.83 billion between 2020 and 2025, exposing significant abuse of the country’s electronic tax invoicing system.

43 minutes agoBy Stacy Achieng

Business

KRA Clarifies eTIMS-IFMIS Link, TIMS Invoices Valid

The Kenya Revenue Authority (KRA), in collaboration with the National Treasury, has clarified that both Electronic Tax Invoice Management System (eTIMS) and Tax Invoice Management System (TIMS) invoices are accommodated under the Integrated Financial Management Information System (IFMIS) integration, easing concerns among suppliers doing business with government entities.

2 hours agoBy Stacy Achieng