The Kenya Revenue Authority (KRA) has extended the deadline for transitioning to the Tax Invoice Management System (TIMS) to 30th November 2022.
“Having noted that a number of taxpayers are still in the process of acquiring and integrating the ETR devices with their invoicing systems, we further advise that an administrative decision has been taken to provide additional time until 30th November 2022 to allow the taxpayers to complete this process.” the taxman said in a public notice.
KRA further added that the overall objective of the introduction of TIMS is to increase VAT compliance, minimize VAT fraud and increase tax revenue.
All VAT-registered taxpayers are required to have in place the new ETRs to enable them to generate and electronically transmit their validated tax invoices to the taxman in compliance with the VAT (Electronic Tax Invoice) Regulations, 2020.
