The introduction of eTIMS changes almost every aspect of corporate tax compliance in Kenya – in some ways, the old order is gone and a new order is here to stay. How, you ask? Tax Deductibility of Expenses What eTIMS does is to introduce a new administrative layer when determining if an expense is tax […]
In 2016, the Authority discovered that taxpayers were claiming input VAT despite the absence of genuine purchase documents. Investigations revealed that some taxpayers did, in fact, issue tax invoices as a part of their company. These ‘missing trader’ fraud cases sparked a demand for a solution that could close these gaps and increase accountability. Responding to […]