Traders face Sh1 million fine over electronic tax invoices

Traders who fail to issue electronic tax invoices to customers face a fine of Sh1 million or 10 times the tax due in proposed changes to the law meant to boost compliance with the mandatory invoice.

The fines that are contained in the Finance Bill will also apply to traders who fail to submit a tax return electronically as the State moves to weed out tax cheats and boost revenue.