- The Kenya Revenue Authority (KRA) has announced new dates for the implementation of pre-filled value-added tax (VAT) returns.
- The new policy will be implemented from February 2024 instead of January 2024.
- The VAT return will now be pre-filled with tax information available to KRA from the February 2024 tax period.
- The change is intended to ensure that all VAT claims are supported by valid TIMS/eTIMS generated tax invoices.
- VAT-registered taxpayers are required to fill out their self-assessment returns by February 20, 2024.
- Taxpayers are reminded of their obligation to issue electronic tax invoices and transmit the details to KRA.
- The simplified VAT return filing process aims to simplify the VAT return filing process for taxpayers.
Source: pd.co.ke
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.
Latest Posts in "Kenya"
- Scrap Metal VAT Exemption Sparks Concerns Over Rising Manufacturing Costs
- Kenya Proposes 10% VAT and Heavy Fees on Crypto Firms
- Kenya clarifies reverse invoicing rules under eTIMS framework
- Finance Bill 2026 Extends VAT Bad Debt Refund Period, Impacting Taxpayer Cashflow
- Finance Bill 2026 Expands Tax Invoice Requirement to All Suppliers, Including Non-VAT Registered
