KRA uncovers Sh33.8 billion fake invoices in Sh4 billion VAT fraud scheme
The Kenya Revenue Authority (KRA) has uncovered a suspected Sh4 billion Value Added Tax (VAT) fraud scheme involving fictitious electronic invoices valued at Sh33.83 billion, in a major crackdown on tax evasion. The scheme, commonly known as the “Missing Trader Scheme,” allegedly involved 72 related entities that generated thousands of electronic tax invoices without corresponding [...] The post…
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