Simplified invoicing tax system welcome

Kenya Revenue Authority (KRA) Commissioner General Humphrey Wattanga Mulongo.

Photo credit: DENNIS ONSONGO| NMG

It is commendable for the Kenya Revenue Authority (KRA) to develop a simplified solution for small businesses to comply with tax requirements.

Starting January 1, 2024, every transaction has to be backed by an electronic invoice but the taxman wants to shield small businesses from this requirement.

PAYE Tax Calculator

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