KRA's Validation of Income & Expenses | Business Redefined

Effective Jan 1st 2026, Kenya Revenue Authority will embark income & expenses validation. What does this mean & are you ready for it?
  1. Finance Act 23's amendment introducing Sec16(1,c) to the Income Tax Act takes full effect in tax administration
  2. The only expenses that will deemed eligible for deductible purposes are those that are backed by eTIMS invoices
  3. One's income declaration must align with accompanying eTIMS invoices raised by persons procuring their services/products
Already, there are instances where the iTax portal is now dispensing pre-populated Corporate Income Tax returns files for 2025 in line with this. We take a deep dive into this with PwC Kenya's Edna Gitachu & what it means for tax compliance, especially by the vast small businesses segment. Also, if you are in the transfer pricing environment, Advance Pricing Agreements take effect on Jan 1st, 2026 & we have seen the Draft Regulations. It's also part of the discussion.
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