KRA eTIMS Lite – The Kenya Revenue Authority (KRA) recently announced a significant transformation in invoicing practices across businesses, including those in the Informal Sector and Small Businesses. According to the directive, all enterprises must now electronically generate and transmit their invoices to KRA through the electronic Tax Invoice Management System (eTIMS).
The eTIMS Lite platform, a user-friendly solution designed for non-VAT registered taxpayers, facilitates the electronic generation and transmission of invoices to KRA. Accessible through various channels, including the eCitizen platforms and a USSD option by dialing *222#, as well as a web-based solution at ecitizen.kra.go.ke, the initiative aims to simplify compliance processes, especially for small-scale entrepreneurs.
KRA Emphasized
In a statement released on Monday, KRA emphasized the universal applicability of electronic invoicing, regardless of a business’s size or sector. KRA expects businesses to use eTIMS to bring about transparency, reduce instances of tax evasion, and enhance overall efficiency in tax collection processes.
A spokesperson for KRA said, “We are committed to supporting taxpayers and ensuring compliance with tax regulations. Through initiatives like eTIMS Lite and our ongoing engagement with stakeholders, we aim to facilitate a smooth transition to electronic invoicing while providing tailored support to meet the diverse needs of businesses in Kenya.”
The KRA eTIMS Lite
The introduction of eTIMS Lite aligns with KRA’s dedication to embracing digital solutions for improved governance and accountability. The move is also part of a broader strategy to enhance the ease of doing business and foster a business-friendly environment in Kenya.
In addition to the rollout of eTIMS Lite, KRA has extended an invitation to taxpayers and representative bodies encountering challenges with compliance to engage with the authority for further assistance. As part of their commitment to innovation, KRA has introduced the concept of reverse invoicing, allowing sellers to authorize buyers to issue invoices on their behalf, offering a more flexible approach to invoice management.
Introduction
In conclusion, the implementation of eTIMS Lite represents a significant step towards modernizing tax processes and ensuring a level playing field for businesses of all sizes in Kenya. As the nation embraces digital transformation, initiatives like these are pivotal in driving economic growth, fostering compliance, and bolstering the integrity of the taxation system. Businesses are encouraged to adapt promptly to this new invoicing system, taking advantage of the support and resources provided by KRA to ensure a seamless transition.
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