The National Assembly’s Finance Committee wants small traders exempted from plugging their business systems into Kenya Revenue Authority (KRA)’s iTax portal, which could deal a blow to the Treasury’s aim to collect data from third-party sources to boost compliance.
The Finance Bill 2024 has proposed a penalty of Sh2 million for every month that a taxpayer refuses to integrate a data management or reporting system established by the KRA with i-Tax, the system that enables taxpayers to file returns electronically and make payments.
