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All taxpayers to enroll to the new KRA TIMS System by November

Taxpayers to enroll to the new KRA TIMS System by November 2022 after the extension of the deadline.

The Kenya Revenue Authority (KRA) has extended the enrollment deadline for the new Tax Invoice Management System (TIMS), which would be welcomed by all taxpayers.

The authority said that the deadline had been pushed out from Friday, September 30, to Wednesday, November 30 in a statement dated Monday, September 26.

The new modifications have an impact on stakeholders, taxpayers, the business community, and the general public.

“Kenya Revenue Authority (KRA) wishes to inform stakeholders, taxpayers, the business community, and the public that the deadline to comply with the Value Added Tax (Electronic Tax Invoice) Regulations, 2020 by transitioning to the Tax Invoice Management System (TIMS) has been extended to 30th November 2022. The initial deadline was 30th September 2022,” read the statement in part.

The Commissioner for Domestic Taxes of the authority stated that KRA had seen that certain taxpayers and businesses were in the process of purchasing the new Electronic Tax Register (ETR) devices.

The extension is intended to make it possible for people who have not yet purchased the essential machine to do so.

“Having noted that a number of taxpayers are still in the process of acquiring and integrating the ETR devices with their invoicing systems, KRA further advises that an administrative decision has been taken to provide additional time until November 30, 2022, to allow the taxpayers complete this process,” the commissioner explained.

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Initially, the transition’s deadline had been pegged at July 31, 2022, but was extended to September.

From the outdated Electronic Tax Registers to the Tax Invoice Management System, the authority aims to enroll all VAT-registered taxpayers (TIMS).

Following the direction, the KRA published a list of approximately 16 registered ETR providers from whom the VAT-registered taxpayers were to purchase the new equipment.

Through a validation process, the enhanced ETRs may verify the accuracy of the invoice data created at the moment of a transaction.

As the customer is issued with a copy of the invoice, the electronic version of the tax invoice is transmitted to KRA over the internet on a real-time or near real-time basis.

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