According to URA, taxpayers have three months up to September 30, 2020, to adjust their systems and start issuing e-invoices. From 1 October 2020, no taxpayer will claim a tax credit if they didn’t issue e-invoices in their trading. The program is implemented under the Electronic Fiscal Receipting and Invoicing Solutions (EFRIS).
On Monday, it emerged that I&M Holdings Limited, the owners of I&M Bank Kenya, have reached an agreement with Orient Bank owners to buy 90 percent of the bank. The transaction awaits approval from regulators in Kenya and Uganda.
Once completed next year, the plant shall be able to sort out plastic and organic waste and recycle them for various purposes including production of compost manure to sell to farmers in and around Gulu.