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AlbashEA®🇰🇪
19.3K posts


@kamauwaruhiu Umekuwa ukiibiwa Ndugu....Home and Away....I mean your wife and the government!
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@husskhalid So Onyonka should have been jailed for drilling Ruth Odinga....Wacha hizo bwana! Tukepata wapi Senator?
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@citizentvkenya The little you were given....you extended the same budget to Biketi!
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'I can't continue being a beggar, I need Ksh.200M!' CS Oparanya laments lack of funding in his ministry citizen.digital/article/i-cant…
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How KRA will tax 60% of undeclared dividends | Business Daily
#FixingTheNationNTV @nationfmke @ericlatiff @mariambishar @blinkypenguin
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@WehliyeMohamed Retaining Capital ensures expansion of businesses and opens up for more job opportunities.
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@Adele_lide This skunk 🦨... seconded the worst bill presented by Duale in 2014....that allowed money borrowed not to go through consolidated fund... Just to avoid scrutiny! Sagwenya ya Mtu
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@EricNjiiru A small team talks about others.....big teams celebrate their achievements!
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@WashiraX If I complete the transaction and you issue a credit note.... Then that's fraud and you know the consequences of being one!
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How do we cure abuse of eTIMS credit notes?
Last week, we were preparing 2025 income tax return for a small hardware store.
They had bought wood worth 400K.
• Proper eTIMS invoices were issued
• Payments were made
• Transactions were complete
Kumbe, later, the vendor turned rogue. He went back into the system and cancelled all the invoices.
By issuing credit notes.
The hardware owner was not notified by KRA. No email. No SMS alert. No nothing.
He only discovered it when we were preparing the return.
He asked me: is there a problem?
I showed him the impact.
• Bro, that 400K expense is gone. You cannot deduct it. You now have to pay 30% tax on it. That is 120K extra tax.
He froze. Then immediately bacame thirsty. Then started drinking water like a man who has just seen his future.
Now think about this. He has:
• A legit purchase
• A legit payment
• A legit supplier
But, no valid eTIMS invoices
So in the eyes of KRA, those expenses do not exist.
This left me seriously wondering:
• Even if KRA sends you a notification that your supplier has issued a credit note, apart from feeling bad, what can you actually do about it?
Because:
• The seller does not need your approval
• The seller does not need to justify the reversal
• The seller is the king here.
He can simply wake up one morning. Cancel your invoice. And disappear.
And you,
• You lose the deduction
• You pay extra tax
• You carry the loss
How should eTIMS credit notes be designed? What is your suggestion?
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@WashiraX In this case, the buyer should institute a very strong fraud case against the seller and kra as a witness....seller must fill the cost of changing terms. Otherwise both parties must approve the credit note in the system.
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@susankihika See who's talking....you are mediocre by excellence
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Better to remain silent and be thought a fool than to speak and remove all doubt! What a clown.
NTV Kenya@ntvkenya
Gachagua: Our fuel doesn't come from Iran. It doesn't go through the Strait of Hormuz… this story that we're having a challenge because of the Strait of Hormuz is hot air.
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So this man realized Ruto was incompetent after he was kicked out of office? Spare us your hypocrisy! Ati 4 girls, even lying requires some intelligence, does he really expect anyone to believe that? You incited those you call your people and you took off while all the burning, looting and vandalism happened in their areas! What does burning of vehicles, super markets and trucks have to do with the global increase in the price of fuel? Hope you are happy now, well done!!
NTV Kenya@ntvkenya
Gachagua: Murkomen, leave Uhuru Kenyatta alone. Let Ruto carry his cross. He has mismanaged the country. When the country is burning, he left on an overseas trip on a private jet. People have a problem with Ruto because he is incompetent.
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#KEPSA extends its warmest congratulations to @AdanMohamedCS on his appointment as the Commissioner General of @KRACorporate.

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