Sharp Daily
No Result
View All Result
Friday, May 9, 2025
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team
Sharp Daily
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team
No Result
View All Result
Sharp Daily
No Result
View All Result
Home News

KRA pushes back eTIMS onboarding deadline to March 2024

Brian Murimi by Brian Murimi
December 27, 2023
in News
Reading Time: 1 min read

The Kenya Revenue Authority (KRA) is extending the deadline for non-value-added tax (VAT) registered businesses to begin using the new electronic Tax Invoice Management System (eTIMS), according to a notice issued Wednesday.

The tax authority said onboarding to the eTIMS platform will now be available to non-VAT registered taxpayers until March 31, 2024. The previous deadline was September 1, 2023.

“During the onboarding period, penalties provided in law for failure to issue electronic tax invoices will not be imposed on the non-VAT registered taxpayers,” the notice said.

Once onboarded, businesses will be required to capture any manually generated invoices and receipts issued after Jan. 1, 2024 retroactively in the system.

RELATEDPOSTS

Kenya Revenue Authority (KRA) dismisses 19 staff in a renewed anti-corruption drive

February 13, 2025

New KRA Chairman Ndiritu Muriithi pledges professional transformation

December 30, 2024

“KRA is committed to continue supporting and facilitating all taxpayers to comply with the requirements of the law,” the notice stated.

The Commissioner of Domestic Taxes said the extended deadline aims to allow sufficient time for businesses to adjust.

“This will facilitate business continuity as taxpayers make necessary changes to their systems and operations,” he said.

The eTIMS platform was launched in 2020 to boost tax compliance by tracking transactions in real-time. Under the new e-invoicing system, taxpayers must electronically generate and transmit invoices to KRA.

As of January 1, 2024, any business expenses not supported by a valid electronic tax invoice will not be tax deductible, according to KRA.

The taxman said it would continue stakeholder engagement and awareness campaigns to aid taxpayer compliance. Simplified eTIMS solutions will also be introduced for small businesses.

“We are committed to supporting taxpayers meet the legal requirements,” the Commissioner said.

Previous Post

Insurers trim vehicle underwriting losses by 22.9%

Next Post

Passaris urges action against rebellious pedestrians

Brian Murimi

Brian Murimi

Brian Murimi is a journalist with major interests in covering tech, corporates, startups and business news. When he's not writing, you can find him gaming, watching football or sipping a nice cup of tea. Send tips via bireri@thesharpdaily.com

Related Posts

News

The downside of Impact Investing

May 2, 2025
News

Leadership challenges at the University of Nairobi

April 24, 2025
News

Easter eggs and earnings: Growing your nest egg with CMMF

April 16, 2025
News

Geoffrey Ruku declares KES 377M net worth during CS vetting

April 15, 2025
News

Butere girls teacher accused of altering play script with political content

April 14, 2025
News

Police Launch Probe Into Alleged Misconduct at National Drama Festival

April 11, 2025

LATEST STORIES

A magical birthday at the springs

May 8, 2025

PSG defeat arsenal to reach Champions League final

May 8, 2025

The hidden risks of family-owned companies

May 8, 2025

Tackling Kenya’s housing crisis with affordable solutions

May 8, 2025

President Ruto’s economic failures root of rage

May 8, 2025

Why CURBS & CPRBS suit NSSF tier II contributions

May 7, 2025

Inter Milan vs. Barcelona – A Champions League classic

May 7, 2025

AI’s ethical implication in customer interaction and marketing

May 7, 2025
  • About Us
  • Meet The Team
  • Careers
  • Privacy Policy
  • Terms and Conditions
Email us: editor@thesharpdaily.com

Sharp Daily © 2024

No Result
View All Result
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team

Sharp Daily © 2024