In the race to expand the tax bracket to meet ever-increasing targets, the Kenya Revenue Authority (KRA) has been revving up strategies, which include tracking transactions and flagging the rich to hide their sources of income.
Now, the taxman warns it will penalise big firms for doing business with suppliers not listed on the Electronic Tax Invoice Management System (e-TIMS), which relays real-time sales data to the taxman for firms registered to collect value-added tax (VAT).
