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How KRA will update your tax file in zero time as you transact business

Fashion and Beauty
 Clients filing tax returns at Kenya Revenue Authority offices in Nyeri on June 29, 2019. [Kibata Kihu, Standard]

The taxman will now be able to collect transactional data from all traders, individuals and companies in the country in near real-time, tightening the noose on tax cheats.

Armed with new electronic-invoicing and reporting tools, Kenya Revenue Authority (KRA) will be able to collect information without waiting for taxpayers to file, even at the point of a commercial transaction to make its own assessment of the tax due.

This is part of President William Ruto's new grand plan to broaden the country's tax base and raise revenue to enable him deliver on his raft of rosy pledges over the next financial year.

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