How KRA Plans to Ease Tax Compliance for Small Businesses Through M-Pesa

How KRA plans to ease tax compliance for small businesses through M-Pesa

Under the proposed arrangement, Safaricom would generate electronic tax invoices through the electronic Tax Invoice Management System (eTIMS)

KRA, Safaricom in talks to automate tax invoicing for M-Pesa traders

The Kenya Revenue Authority (KRA) is in talks with Safaricom over a plan to enable M-Pesa to generate electronic tax invoices for small businesses. The plan would make it easier for small traders to comply with tax requirements and continue supplying large companies. Under the proposal, Safaricom would issue invoices through KRA’s electronic Tax Invoice Management System (eTIMS) on behalf of traders receiving payments via M-Pesa tills, paybills …

KRA and Safaricom discuss reverse invoicing for M‑Pesa merchants

The Kenya Revenue Authority is in talks with Safaricom to let the mobile‑money operator generate electronic tax invoices for merchants using M‑Pesa tills and paybills.

KRA eyes till numbers, Pochi La Biashara to catch tax cheating small businesses

KRA plans to use M-Pesa Till and Pochi La Biashara data to spot underreported income, as eTIMS invoice talks follow missed VAT and PAYE targets in Q1.

Safaricom’s M-Pesa tills enter KRA’s latest push to track business income

The Kenya Revenue Authority (KRA) is in discussions with Safaricom over M-Pesa tax invoicing for businesses, with the proposed arrangement allowing the telecommunications operator to generate electronic tax invoices on behalf of merchants receiving payments through its mobile money platform. A KRA official told the National Assembly’s Finance and National Planning Committee that Safaricom had …

KRA eyes M-Pesa invoices for small and micro traders

Safaricom is expected to generate eTIMS and forward the invoice to the KRA, providing the taxman with wider visibility of transactions.