ETIMS ONBOARDING FOR ALL BUSINESSES 2023
All businesses are required to electronically generate and transmit their invoices via ETIMs by 1st January 2024. Any expenditures lacking support from an eTIMs-generated invoice will not be eligible for tax deduction purposes.
ELECTRONIC TAX INVOICE MANAGEMENT SYSTEM {ETIMS} - is
a software solution that provides technological convenience to meet taxpayers’
compliance needs.
ETIMs will be accessed through various devices which include: Mobile phones and Computers.
BENEFITS OF ETIMS
·
eTIMS offers enhanced convenience,
user-friendliness, and flexibility for businesses.
·
Real-time data transmission to the Kenya Revenue
Authority (KRA) which improves accuracy in the declaration and reconciliation
of tax invoices.
·
Reduced Cost of Compliance since taxpayers are
not required to purchase ETR Machines.
Effective 1st September 2023 all person conducting
business including those who are not registered for VAT, are required to
electronically generate and transmit their invoices to KRA through ETIMs.
All taxpayers must adhere to this directive to prevent any non-compliance issues with the Kenya Revenue Authority (KRA).
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