The Kenya Revenue Authority (KRA) has recently introduced the Electronic Tax Invoice Management System (eTIMS) to streamline tax compliance and ensure transparency in tax collection. With the new eTIMS and TIMS-compliant solutions, businesses can integrate seamlessly into the system, automating tax processes and staying compliant with ease. This article explores how integrating with KRA-approved eTIMS and TIMS can benefit businesses while enhancing tax collection and reducing errors.
eTIMS, or Electronic Tax Invoice Management System, is a web-based tool that allows businesses to generate and manage tax invoices electronically. By adopting this technology, KRA aims to make the tax compliance process faster, more efficient, and less prone to fraud. The system integrates with KRA's iTax platform, enabling taxpayers to file tax returns online and in real time.
The eTIMS solution represents a significant shift in tax management, eliminating manual processes and errors while offering real-time invoice generation and transmission. Its ease of use and compatibility with existing systems make it a perfect choice for businesses of all sizes, including those using platforms such as QuickBooks, Tally, Sage, Oracle NetSuite, and more.
The eTIMS solution is packed with features that streamline tax compliance and improve efficiency. Key features include:
TIMS (Tax Invoice Management System) takes electronic tax invoice administration to the next level by standardizing, validating, and transmitting invoices to KRA in real-time or near real-time. This integration ensures businesses are fully compliant with KRA regulations, reducing the likelihood of penalties or errors in tax filings.
The benefits of integrating TIMS include:
By integrating your business with KRA-approved eTIMS and TIMS solutions, you can enjoy the following advantages:
Our integration solutions work with various software platforms, fiscal devices, and other payment systems. Whether you're using POS systems, ERP software, or custom applications, the integration process is smooth and efficient. Additionally, we offer add-ons for eTIMS/TIMS-compliant fiscal devices to ensure that you meet all KRA regulations.
The integration solutions are designed to handle any volume of data, ensuring your business remains compliant even during high transaction periods. With a 99.99% uptime guarantee, you can rely on the system to keep your operations running smoothly without any disruptions.
The system eliminates the possibility of duplicate invoices and guarantees that each invoice is submitted only once. With throttling functionality, the system optimizes information processing to prevent overloads.
Businesses can monitor tax invoices and transactions in real-time through an intuitive dashboard. Real-time notifications keep users informed about the status of invoices and other tax-related activities.
eTIMS offers multi-language integration support, allowing businesses to integrate using any of the 19 supported programming languages.
Our eTIMS solutions are designed to help businesses stay compliant with KRA regulations effortlessly. From software integration to hardware provision, we offer end-to-end support for fiscal devices, ETRs, ESDs, and payment systems.
For small and micro taxpayers, eTIMS offers a mobile solution suitable for those in the service sector. The mobile app is easy to use, with features like bulk invoicing and real-time invoice confirmation.
For larger businesses, our eTIMS solutions integrate with popular accounting software, including QuickBooks, SAP, Sage, and Oracle NetSuite. The system supports bulk invoicing, complex business processes, and offers seamless integration with ERP systems for comprehensive tax management.
As Kenya continues to digitize its tax collection processes, businesses need to adopt eTIMS and TIMS solutions to stay compliant. With over 42.7% of VAT-registered businesses yet to adopt TIMS, now is the time to transition. We provide the expertise and tools you need to make the switch, ensuring a smooth and seamless integration.
Unlock the power of eTIMS and TIMS integration for your business today. Contact us to learn more about how we can help you stay compliant with KRA regulations while optimizing your tax processes.
KRA's eTIMS and TIMS solutions represent a significant step forward in improving tax compliance, transparency, and efficiency in Kenya. By integrating your business with these systems, you not only stay compliant but also benefit from streamlined tax processes that save time, reduce errors, and enhance accountability. Our comprehensive eTIMS/TIMS solutions are designed to meet the needs of businesses of all sizes. Get in touch with us to make your transition seamless and secure.
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