President William Ruto's administration could be going for powerful people who evaded paying taxes running into billions. In an article by the Nation Newspaper, the Government through Kenya Revenue Authority, KRA is now going after “mightier" busineses who have evaded paying taxes for the last running years estimated to be billions of shillings.
This comes as Kenya Revenue Authority (KRA) has Revealed that it has unearthed cases where firms issued fictitious invoices without supplying goods or services to evade paying their pound of flesh.
According to KRA Section 17(2) (b) of the VAT Act provides that the deduction for input tax shall not be allowed where there is no corresponding sales declaration by suppliers.
The taxman has now Revealed that to end such practices, the Kenya Revenue Authority has finally automated its Value Added Tax (VAT) filing system to lock out any invoices made without corresponding sales documents.
Please leave a message and remember to share
Content created and supplied by: WamotoKenya (via Opera News )
Opera News is a free to use platform and the views and opinions expressed herein are solely those of the author and do not represent, reflect or express the views of Opera News. Any/all written content and images displayed are provided by the blogger/author, appear herein as submitted by the blogger/author and are unedited by Opera News. Opera News does not consent to nor does it condone the posting of any content that violates the rights (including the copyrights) of any third party, nor content that may malign, inter alia, any religion, ethnic group, organization, gender, company, or individual. Opera News furthermore does not condone the use of our platform for the purposes encouraging/endorsing hate speech, violation of human rights and/or utterances of a defamatory nature. If the content contained herein violates any of your rights, including those of copyright, and/or violates any the above mentioned factors, you are requested to immediately notify us using via the following email address operanews-external(at)opera.com and/or report the article using the available reporting functionality built into our Platform See More