Blog - Tax Compliance Policies

KRA Enhances Efforts Against Illicit Trade by Intercepting Goods Worth Ksh. 5.766 Billion (est. $50.766M)

KRA's Crackdown on Illicit Trade: A Call for Citizen Collaboration

Kenya Revenue Authority (KRA) has intensified its efforts to combat illicit trade, seizing goods worth a staggering Ksh. 5.766 billion in the past few years. Through increased border patrols, enhanced technology, and strategic interventions, KRA has made significant strides in safeguarding national revenue and protecting the integrity of the Kenyan market.

Key statistics:

Here's a Breakdown of the  intercepted illicit goods valued at Ksh. 5.766 billion

Date: 17 September 2024    Comments: 1

KRA eTIMS ANNOUNCEMENT: Implementation of the Electronic Tax Invoice Management System

Implementation of the Electronic Tax Invoice Management System

The Kenya Revenue Authority (KRA) takes note of feedback shared through various media platforms regarding the implementation of the electronic Tax Invoice Management System (eTIMS).

Summary!

 eTIMS Solutions:

KRA has availed various solutions for business persons seeking to on-board eTIMS, and these are tailored to suit specific needs of the users.
Date: 20 March 2024    Comments: 0

Taxpayers enjoy over Kshs. 200 billion in waiver of penalties and interest from the Tax Amnesty Programme

Taxpayers enjoy over Kshs. 200 billion in waiver of penalties and interest from the Tax Amnesty Programme The Finance Act, 2023 introduced the Tax Amnesty Programme that allows Taxpayers to apply for waiver of penalties and interest accrued for periods up to 31st December 2022, upon full payment of their respective principal taxes by 30th June 2024. The programme runs from 1 st September 2023 to 30th June 2024. The Kenya Revenue Authority (KRA) is pleased to report that so far as at 20th February 2024, 227,071 Taxpayers have benefited from waiver of penalties and interest amounting to Kshs. 209 billion under the ongoing Tax Amnesty Programme having paid a total of Kshs. 14.5 billion in principal taxes. KRA reminds Taxpayers with outstanding principal taxes to take advantage of the ...

Date: 01 March 2024    Comments: 0

Get Ready for Electronic Tax Invoicing (ETI)  in Kenya As of January 1, 2024: What You Need to Know

KRA Pledges to Support Taxpayers to Comply with Electronic Tax Invoicing Requirements

The Kenya Revenue Authority (KRA) has announced a major shift in tax administration with the mandatory adoption of electronic tax invoicing (eInvoicing) for all businesses, effective September 1, 2023. This move, outlined in a press release dated December 29, 2023, aims to modernize tax systems and streamline compliance for all taxpayers, including those not registered for Value Added Tax (VAT).

Here's a breakdown of the new rules and what they mean for ...

Date: 30 December 2023    Comments: 0

KRA Pledges to Facilitate Informal Sector Tax Compliance!

The Kenya Revenue Authority (KRA) has pledged to address challenges faced by the informal sector in a bid to incentivize and onboard the sector players into the tax net.

The informal sector is estimated to employ about 15 million people, accounting for 83 percent of the country's total labor force. It has a great tax potential, but is not currently contributing its fair share to the tax base.

KRA has pledged to:

  • Work with the National Treasury to establish policies that will simplify, harmonise and reduce the multiplicity of taxes obligated to the informal sector.
  • Educate traders to appreciate the need for paying taxes.

Tax ...

Date: 16 October 2023    Comments: 0

KRA and Eastleigh Business District Association (EBDA)Collaborate to Improve Tax Compliance in Eastleigh!

Key Issues Arrived at:

  • KRA and the Eastleigh Business District Association (EBDA) have committed to collaborate to bolster tax outreach and awareness initiatives for enhanced compliance and revenue mobilization.
  • KRA is committed to enhance trade facilitation and simplification of tax payment for national prosperity and enhanced compliance.
  • Through this collaboration, KRA would tailor its engagement and tax outreach framework to respond to the unique needs of the Eastleigh Business Community, and thereby drive compliance.
  • EBDA welcomed the move by KRA stating that regular engagements had greatly improved the perception of the Authority ...

    Date: 16 October 2023    Comments: 0

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