- KRA introduces eTIMS Lite for small businesses to simplify tax invoicing
- All businesses, including those in the Informal Sector, must electronically generate and transmit their invoices to KRA
- eTIMS Lite platform allows non-VAT registered taxpayers to easily generate and transmit invoices
- Accessible via eCitizen platforms and USSD option
- Aims to alleviate compliance burden for small-scale entrepreneurs
- Mandating electronic invoicing to improve transparency, reduce tax evasion, and enhance tax collection efficiency
- KRA committed to supporting taxpayers and ensuring compliance with tax regulations
- Inviting taxpayers facing compliance challenges to engage with KRA for assistance
- Innovative solution of reverse invoicing where sellers authorize buyers to issue invoices on their behalf for greater flexibility in invoice management.
Source: citizen.digital
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.
