Introduction:
In the ever-evolving landscape of technology and taxation, eTIMS emerges as a groundbreaking software solution designed to streamline and enhance the tax compliance experience for businesses in Kenya. As the registration deadline looms on March 31st, 2024, it’s imperative for all taxpayers to understand the significance of embracing this innovative tool.
What is eTIMS?
eTIMS, short for Electronic Tax Invoice Management System, is a software solution tailored to meet the compliance needs of taxpayers. This revolutionary platform, introduced by the Kenya Revenue Authority (KRA), offers a technological convenience that transforms the way businesses handle their tax obligations.
How to Access eTIMS?
Embracing eTIMS is as easy as unlocking the potential of technology. The platform can be accessed through various electronic devices, ranging from laptops and computers to mobile phone apps. This accessibility ensures a user-friendly and flexible experience for businesses of all sizes, making tax compliance more convenient than ever before.
Why You Must Register on eTIMS
The question lingering on every taxpayer’s mind is, “Why should I register on eTIMS?” The answer is simple but crucial. Regardless of your VAT registration status, all taxpayers are mandated to register on the eTIMS portal. The Kenya Revenue Authority has set a compliance deadline of March 2024, urging businesses to make the transition promptly.
The importance of eTIMS registration extends beyond mere compliance. It is a strategic move to foster transparency and efficiency in the business ecosystem. As of the deadline, March 2024, all taxpayers are expected to request tax invoices generated through eTIMS from their suppliers. Any purchases made without a valid eTIMS Electronic Tax Register (ETR) from the supplier will be disallowed, emphasizing the system’s role in promoting accountability and reducing tax evasion.
When is the Deadline?
The countdown is on! The eTIMS registration deadline is fast approaching on March 31st, 2024. To avoid any disruptions in your business operations and ensure continued compliance with tax regulations, it’s imperative to act promptly and register on the eTIMS portal.