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KRA Going For These Powerful Traders Who Evaded Paying Taxes During Uhuru's Reign

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.

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Content created and supplied by: WamotoKenya (via Opera News )

KRA Kenya Revenue Authority Nation Newspaper


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