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Inside KRA’s new-look lengthy sales invoices for traders

KRA

Traders face longer entries in their sales receipts as the Kenya Revenue Authority (KRA) enforced a new law that requires trading companies to send real-time data on their daily sales via internet-enabled electronic tax registers.

Photo credit: File | Nation Media Group

Traders face longer entries in their sales receipts as the Kenya Revenue Authority (KRA) enforced a new law that requires trading companies to send real-time data on their daily sales via internet-enabled electronic tax registers.

A review of the KRA online and virtual sales control unit shows that traders will be required to give detailed information including their business name, physical addresses, and their personal identification numbers (PINs) as well as those of the corresponding buyers, the item description, unit price, quantity, total price, and tax designation before any sales transactions would be approved.