- KRA has set a deadline of January 1st, 2024 for businesses to generate electronic invoices.
- All taxpayers doing business are required to onboard eTIMS.
- eTIMS is a software solution that provides convenience for businesses to meet compliance needs.
- The objective of eTIMS is to reduce compliance costs for VAT-registered businesses.
- VAT-registered taxpayers who are facing challenges with TIMS ETR devices should use eTIMS.
- To onboard eTIMS, one must download the commitment form and fill it out, then sign up on the eTIMS portal.
- KRA officers will conduct a KYT interview to determine the suitable software option for the taxpayer.
- The onboarding process is facilitated by KRA, not the ETR Suppliers.
- System-to-system integration is available for taxpayers with automated billing systems.
- Online Sales Control Unit (OSCU) and Virtual Sales Control Unit (VSCU) are options for integration.
- Taxpayers can choose to undertake self-integration or use assistance.
Source: kenyanwallstreet.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
