As the deadline for the installation of the upgraded electronic tax registers (ETRs) machines approaches, manufacturers and traders risk a Sh1 million fine or a jail term of three years for failure to install it. The new ETR machine is expected to grant the taxman real-time access to their invoices. KRA will require businesses to buy and deploy the new Internet-enabled ETRs that track invoicing at every turn of a transaction to assess the tax dues promptly by July 31. … Continue reading Traders to face a Ksh. 1 million fine by KRA for failing to install the new ETR machines