JUST IN: Govt to Link Mobile Money Transactions to KRA by December 2024
Mobile money transactions, including Pay Bill payments, will soon be classified as virtual electronic tax receipt systems, the government has confirmed. Senior Government Advisor Moses Kuria announced that by December 25, 2024, these transactions will be linked to the Kenya Revenue Authority (KRA) in a move aimed at broadening the tax base. Kuria explained that the initiative addresses the significant gap between registered Electronic Tax Registers (ETRs) and the potential tax collection points. “By Christmas 2024, all Pay Bills will function as virtual ETRs for KRA,” he stated. The government will leverage over 2 million digital payment touchpoints across Kenya,
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