- Advertisement -

Simplified eTIMS Solutions for Informal Sector and Small Businesses

- Advertisement -

Kenya Revenue Authority (KRA) has reiterated that businesspeople including those in the informal sector and small businesses are required to electronically generate and transmit invoices via the electronic Tax Invoice Management System (eTIMS).

KRA says it remains committed to supporting and facilitating all taxpayers to comply with the requirements of the law by adopting a facilitative and collaborative approach to tax compliance. To this end, KRA had developed eTIMS simplified solutions dubbed “eTIMS Lite” for non-VAT registered taxpayers.

These solutions are accessible through the eCitizen platforms via *222# for the USSD invoicing solution and ecitizen.kra.go.ke for the web-based invoicing solution.

“In addition to the roll out of the simplified eTIMS solutions, KRA has also made concerted efforts towards publicity, awareness and tax literacy through continuous stakeholder engagements and taxpayer education targeted at players in the informal sector who include farmers, jua kali traders and artisans amongst others,” according to a communique released by Commissioner for Domestic Taxes on 4th March 2023.

>> How to Upgrade to the New eTIMS VAT Payment System

The Commissioner said KRA has partnered with the informal sector representative groups and associations to facilitate direct support to taxpayers in these sectors to on board eTIMS.

“KRA wishes to invite taxpayers and representative bodies who may experience challenges adopting the existing solutions to reach out to further explore solutions tailored to cater for their specific needs,” the statement says.

One such consideration is the reverse invoicing solution where a seller can/may give consent or authority to the buyer to issue invoices on their behalf.

>> Equity Bank Scores Major Victory on PayPal Instant Withdrawals

- Advertisement -
BT Reporter
BT Reporterhttp://www.businesstoday.co.ke
editor [at] businesstoday.co.ke
- Advertisement -
Must Read
- Advertisement -
Related News
- Advertisement -


Please enter your comment!
Please enter your name here