Kenya advances electronic invoicing regulations

According to information from 16th July 2019 from the Kenya Revenue Authority (KRA), all traders, manufacturers and suppliers that generate over 5 million Kenyan Shillings per month (approximately €43 000) will be obliged to install electronic tax registers (Control Units). These Control Unites will communicate invoice data with the new system, called Tax Invoice Management System (TIMS), in real time. The TIMS will receive both individual transactions as well as end-of-day reports from Con…