Kenya has gazetted the Tax Procedures (Electronic Tax Invoice) Regulations, 2024, revoking the previous 2023 regulations. This aims to enhance VAT compliance and digital transaction tracking. All businesses in Kenya, unless exempted, must comply with the new electronic tax invoicing system, including detailed data in invoices. The regulations aim to streamline tax reporting and reduce fraud by enforcing the use of TIMS/e-TIMS compliant systems. Businesses need to ensure registration with the KRA’s TIMS/e-TIMS, update their invoicing systems, and stay informed about further notices and exemptions. Non-compliance may result in penalties.
Source RTC
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- See also
- Join the Linkedin Group on Global E-Invoicing/E-Reporting/SAF-T Developments, click HERE
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