- The Kenya Revenue Authority (KRA) has issued guidance on VAT Prepopulated Return and provided clarifications on the implementation.
- They have also issued guidelines for taxpayers on eTIMS Onboarding, the electronic invoicing system used for prepopulated VAT returns.
- The guidelines cover different eTIMS software and eligibility criteria.
- The VAT Prepopulated return aims to improve tax compliance and enhance customer experience by simplifying return filing and speeding up refund processing.
- Important enhancements and clarifications have been made, including resolving issues with exempt sales appearing as zero rated supplies, implementing an incremental batch process to update late-transmitted invoices, and providing clarification on claiming import entries.
Source Orbitax
Latest Posts in "Kenya"
- Kenya High Court Rules Fintechs’ Payment Processing Commissions Exempt from VAT
- Kenyan Court Exempts Fintechs from VAT; Ghana Merges Telecoms to Challenge MTN’s Dominance
- Kenya KRA GavaConnect Reaches 1,000 Developers: eTIMS and VAT API Integration Announced
- Kenyan High Court Exempts Pesapal from $500k VAT, Setting Fintech Tax Precedent
- Pesapal Wins Court Ruling: Digital Payment Services Exempt from VAT in Kenya