KRA threatens penalties for business owners not registered on ETIMS
Kenya Revenue Authority (KRA) warns business owners who are yet to get on to the eIMS platform by the March 31st deadline
Kenya Revenue Authority (KRA) warns business owners who are yet to get on to the eIMS platform by the March 31st deadline.
According to KRA, there are 728, 434 enterprises that are yet to comply with the directive out of the 915,000 enterprises targeted with only 5 days to the March 31 deadline.
“If you don’t onboard it makes it difficult for the businesses to do business with you,” eTIMS Chief Manager Hakamba Wangwe said.
The failure of businesses to enroll on the platform which seeks to avail all transactional information to the tax man has seen the tax man fail to achieve the intended target of Ksh.60 billion in revenue mobilization collecting only Ksh.25 billion.
At the same time KRA has recorded an increase in the number of new pin issuance through the drive.
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“The 26,000 that are using the simplified solution what we’ve noted is they have had to formalize their business. This has been largely driven by the private sector we’ve had some of the retail outlets be very helpful in having taxpayers onboard,” said Wangwe.
ETIMS is a software solution developed by Kra for taxpayers to electronically invoice their customers and keep track of the transactions.
The onboarding process for eTIMS began on September 1, 2023, targeting all taxpayers doing business, including those who are not registered for VAT (non-vat taxpayers) but fall under the income tax bracket
If you do not onboard on eTIMS by the 31st of March you risk facing a penalty double the amount of taxes evaded.
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