This week, the Kenya Revenue Authority (KRA) finalized several key reforms under the Finance Act, which are set to impact businesses across the country. These changes are part of a larger initiative to enhance revenue collection, improve tax compliance, and create a more efficient tax system. By introducing measures such as an increased VAT rate, mandatory eTIMS onboarding, and simplified requirements for small-scale businesses, the KRA aims to foster a more supportive environment for businesses of all sizes, ensuring a more transparent and streamlined approach to tax administration.