KRA to monitor telcos’ daily sales in tax evasion fight

The Kenya Revenue Authority (KRA) has flagged mobile telecom operators for possible under-declaration of airtime, Internet and mobile money transaction sales as it seeks to monitor the firms’ revenues on a daily basis.

The taxman said the planned integration of its tax system with telcos, which are amongst the biggest taxpayers, will give it real-time access to the transactions with the intention of compelling the firms to remit taxes daily.