- eTIMS is a software solution designed to streamline the invoicing process for taxpayers
- Businesses must use eTIMS for issuing electronic tax invoices regardless of VAT registration status
- eTIMS reduces compliance costs, offers flexibility, includes stock management module, enables invoice record-keeping, and simplifies return filing procedures
- KRA has made significant changes to the VAT return filing process to enhance compliance and efficiency
- VAT returns will be pre-filled with relevant tax information starting from February 2024
- Valid TIMS/eTIMS-generated invoices must be used to substantiate VAT claims
- Taxpayers must issue electronic invoices and transmit details to KRA
- January 2024 VAT self-assessment returns must be filed by February 20 to avoid penalties
- KRA is rolling out a simplified VAT return process to enhance accuracy and streamline filing
- KRA is committed to sensitizing taxpayers on the VAT return filing process and providing support for compliance.
Source: africataxreview.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.
