zapp_brannigan
I am not a Futurama fan .
Next year will be painful for many when filing annual returns.KRA is doing away with expenses that are not on ETIMS.
Any expense not accompanied by an ETR will be used as taxable income by KRA.
If handled right, this might be a start on getting more revenue without necessarily having tax hikes. The big problem is how the extra revenue will be used.
Most of those formal businesses that sell items and don't give ETR actually rob their clients and govt . Ingia Moi Avenue or Luthuli, and you will find an item selling at the same price as the businesses that give ETR.
Any expense not accompanied by an ETR will be used as taxable income by KRA.
If handled right, this might be a start on getting more revenue without necessarily having tax hikes. The big problem is how the extra revenue will be used.
Most of those formal businesses that sell items and don't give ETR actually rob their clients and govt . Ingia Moi Avenue or Luthuli, and you will find an item selling at the same price as the businesses that give ETR.