What is a Tax Audit? A Tax audit is a comprehensive examination of an individual’s or business’s tax returns by the Kenya Revenue Authority (KRA). The audit's primary goal is to ensure that the tax returns are accurate and comply with
Read MorePrepare to Reduce the Risk of a Tax Audit; employers face significant risk of tax audits. The best way to mitigate these risks is by preparing in advance. This article explores how employers can reduce the risk of a tax audit through proacti
Read MoreWhat is Installment Tax? Installment tax is estimated income tax paid to KRA periodically, in anticipation of the tax payable for a year of income. Installment tax is a form of advance tax administered under the Income Tax Act Cap 470, la
Read MoreGenerating an eTIMS (Electronic Tax Invoice Management System) invoice via eCitizen is a process that involves several steps, primarily for users in Kenya who are managing VAT invoices. The eCitizen platform integrates with the Kenya Revenue
Read MoreThe Importance of Financial Statement Preparation by Qualified Accountants and Auditors for All Forms of Business Ownership in Kenya In Kenya, the preparation of financial statements is a critical aspect of business management, whether yo
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