- Kenya issued Tax Procedures (Electronic Tax Invoices) Regulations 2024
- Regulations effective from 21 March 2024, revoking 2023 regulations
- Applies to all businesses unless exempted
- Requires recording and generating invoices through e-TIMS
- Must maintain stock records and notify KRA before closure of business
- System must be capable of transmitting, printing, securing data, and assigning unique identifiers
- Excludes certain transactions from using the system
- Commissioner can exempt or revoke exemptions
- Non-compliance may result in penalties
Source: ensafrica.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.
