By Patricia Okumu

The Kenya Revenue Authority (KRA) has again extended the dates by which taxpayers must switch to the new Tax Invoice Management System (TIMS).

The original target date of September 30, 2022, was changed to November 30, 2022. The tension is intended to encourage people who have not yet purchased the new automated 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 30th November 2022, to allow the taxpayers complete this process,” said the Commissioner for Domestic Taxes.

In accordance with the new approach, the taxman will be getting daily sales and invoice data on its digital system, iTax, from all registered businesses and traders.

The action is intended to improve VAT compliance, reduce financial fraud, and increase tax collection in conformity with the VAT Regulations, 2020.

Since the law mandates that taxpayers preserve the record for five years, they will also need to keep and protect the information in the formerly used Electronic Tax Registers.