RWK Financial Compass

  The Kenyan government has announced a bold move to transform all M-PESA paybills and Till numbers into virtual Electronic Tax Registers (ETRs) by December 25, 2024. This initiative is part of the government’s broader strategy to integrate mobile money transactions into the tax framework, aimed at improving compliance and capturing previously unreported business activities. As mobile money plays a critical role in Kenya’s economy, this new directive has far-reaching implications for businesses, consumers, and the national revenue collection system. The Process Implementation Timeline and Scope Deadline: December 25, 2024. Scope: All M-PESA paybills and Till numbers will be converted into virtual Electronic Tax Registers (ETRs). Steps for Integration System Integration : KRA will collaborate with mobile service providers (e.g., Safaricom) to ensure that M-PESA paybill and Till transactions are seamlessly integrated into KRA’s tax systems. Monitoring Mechanism : KRA will monitor all tra

                                                              Social Health Authority Registration The  Social Health Authority (SHA)  in Kenya is set to officially launch on  October 1, 2024 , marking a significant transition from the National Hospital Insurance Fund (NHIF). As of late September 2024, approximately  1.2 million individuals  have registered under the new SHA scheme. STEPS FOR REGISTRATION To register for the  Social Health Authority (SHA)  in Kenya, follow these steps: Online Registration Visit the SHA Website : Go to  SHA.go.ke . Click the “Register Individual” or “Register employers ”Button on the homepage. Fill Out the Registration Form : Enter your personal details, including: National ID Number Phone Number (for OTP verification) Click “Proceed” : Submit your information and move to the next step. Select ID Type : Choose “Kenyan Citizen” as your ID type. Enter Your Natio