More than half of small businesses in the country have failed to adopt the new internet-enabled tax registers (ETRs) that relay daily sales to Kenya Revenue Authority (KRA) denying the taxman billions of shillings in revenue from value-added tax.
KRA says 94 percent of large businesses making over Sh1.3 billion in revenue annually had acquired the ETRs and integrated with the authority’s system –Tax Invoice Management System (TIMS) ahead of effective date while 82 percent of medium businesses were compliant.
