Kenya Revenue Authority (KRA) has excluded farmers and small businesses from the requirement to produce electronic invoices for their sales, offering them relief.
The new regulations for the rollout of electronic tax invoice management (eTims) have capped the threshold of producing an electronic invoice at Sh5 million, which means most of the micro, small and medium enterprises (MSMEs) businesses will be spared.
Supplies by businesses with an annual turnover of less than Sh5 million are among the nine transactions that have been exempted from the electronic tax invoice in the Tax Procedures (Electronic Tax Invoice) Regulations, 2023.
The development is a major relief for many small struggling businesses.
