New hi-tech KRA system to track traders’ daily sales

Times Tower. FILE PHOTO | NMG

The Kenya Revenue Authority (KRA) is set to install new electronic tax registers at business premises giving it real time access to invoices issued by traders around the country in a new, high-tech war against tax cheats.

Under the proposed system, the KRA will require traders, manufacturers and suppliers to deploy new Internet-enabled electronic tax registers (ETRs) that allow the taxman to track how businesses conduct their invoicing at every turn of a transaction to assess the tax dues on a real time basis.

PAYE Tax Calculator

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