Buyer-generated tax invoices net Sh800m transactions for KRA

Hakamba Wangwe, KRA chief manager for eTims

Hakamba Wangwe, KRA chief manager for eTims. 

Photo credit: File Photo | Nation Media Group

The government has captured transactions worth Sh800 million through reverse invoicing, which it introduced on December 27, 2024, as part of new strategies of reaching businesses that predominantly operated in the hard-to-tax segment of the economy.

Reverse invoicing is a tax compliance process where the buyer, instead of the supplier, generates the tax invoice for a transaction.

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