FINTEXIS CONSULTANTS

In a public notice dated 7 November 2025 , the Kenya Revenue Authority (KRA) announced a major shift in how it will handle income tax returns beginning 1 January 2026 , all income and expense figures declared in tax returns for the 2025 year of income (for both individual and non-individual taxpayers) will be subject to systematic validation.  What the Notice Says Here are the key points of the notice: The validation will apply to returns for the 2025 accounting/income year , filed through the KRA's iTax platform.  Effective date: 1 January 2026 .  The exercise covers both individuals and non-individuals (so companies, partnerships, etc.) declaring income tax.  Declared income and expenses must be supported by valid electronic tax invoices , correctly transmitted (including the buyer’s PIN where applicable).  The system will cross-check against three main data sources: Invoices via the eTIMS / TIMS electronic tax invoice systems.  Wi...

Introduction: A New Era of Smart Finance Artificial Intelligence (AI) is no longer just a buzzword it’s becoming the backbone of modern financial management. Across the world, and right here in Africa, small and medium-sized enterprises (SMEs) are embracing AI-powered tools to gain control over their finances, automate routine tasks, and make smarter, data-driven decisions. As businesses face tighter margins, complex compliance requirements, and unpredictable market shifts, AI is helping them work smarter, not harder  cutting costs, improving accuracy, and unlocking real-time insights that were once accessible only to large corporations. What Is AI in Financial Management? AI in finance refers to the use of intelligent systems and machine learning algorithms to analyze data, automate processes, and predict outcomes. In simpler terms, AI tools learn from your company’s financial data sales, expenses, invoices, and even customer behavior to provide actionable insights or perfo...