Companies without electronic tax invoices face more taxes from June

Times Tower in Nairobi, the Kenya Revenue Authority headquarters. FILE PHOTO | DENNIS ONSONGO | NMG

The Kenya Revenue Authority (KRA) will from next month start penalising corporates that do not provide electronic tax invoices for payments made to suppliers.

In a statement, the taxman said starting June, firms that will not furnish it with electronic tax invoices will not be able to claim input tax and refunds with regards to value-added tax (VAT), which means that their tax liability will rise.

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Note: The results are not exact but very close to the actual.