- KRA is launching a VAT pre-populated return system for the November 2024 tax period
- The system aims to simplify VAT return filing by using technology to enhance compliance and customer experience
- It automates VAT return preparation by using data from iTax, TIMS, eTIMS, and customs business systems, reducing manual data entry
- The initiative marks a shift from manual data analysis to automated data integration for VAT return preparation
- The system is due by 20th December 2024 and represents a significant step in simplifying tax processes
- The Commissioner for Domestic Taxes highlighted the system’s role in making tax reporting more transparent, efficient, and user-friendly
- VAT registered taxpayers must issue electronic tax invoices and verify them using tools like QR code readers and invoice checkers on itax.kra.go.ke
- Taxpayers need to check the accuracy of their pre-populated VAT returns before submission to prevent errors
- The new system is expected to improve VAT compliance among businesses
- KRA will offer extensive customer support through various channels including contact centers and Tax Service Offices
Source: ghettoradio.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.
