Customers can now print invoices in addition to fiscal receipts thanks to the printer's support for 80 mm wide paper and capacity to print horizontally. Without requiring a connection to a computer or smartphone, any report may be easily selected and printed using the LCD display and joystick button.
The DATEC FP-100mx is a device that facilitates tax registration and communication and can be easily connected or integrated into existing Trader systems. Its key features include validation of tax invoices, encryption, signing, and transmission of data to the TIMS Application server.
Tremol has developed the smallest ETR with GSM, WiFi, and Bluetooth (optional). It’s ideal for vehicle sales and delivery. Tremol S25 has the advantage of built-in batteries and charging through a regular USB SV converter (port).
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Electronic Tax Information Management System
In an effort to improve accountability and efficiency in tax compliance, the Kenya Revenue Authority (KRA) recently introduced a new electronic tax invoice management system (eTIMS). By lowering errors and increasing openness, the new system is anticipated to change Kenya’s tax collection procedure.
eTIMS is a web-based tool that allows taxpayers to electronically generate and manage invoices. The system is made to make it simple, quick, and effective for taxpayers to meet their tax obligations. Compared to the prior manual system, which was prone to mistakes and fraudulent activity, it is a huge improvement.
Features of the new KRA eTIMS
The new eTIMS offers quick access on both PCs and mobile devices, user-friendly and adaptive design, and cross-platform functionality. Bulk invoicing issues, convoluted business procedures, and real-time invoice transmission were addressed in the system’s architecture.
The ability for taxpayers to create and confirm electronic tax invoices is one of the main benefits of eTIMS. The system integrates with KRA’s iTax platform, enabling online tax return filing for taxpayers. As a result, taxpayers are no longer need to physically attend KRA offices in order to generate invoices and file returns.
eTIMS also provides a platform for KRA to monitor and track tax compliance. By tracking the issue and confirmation of tax bills in real-time, the system helps KRA lower the likelihood of fraudulent actions. Additionally, it offers an audit trail for every transaction, enhancing accountability and transparency in the tax collection process.
Your Apps Ltd is here to assist you with this transition so that you can achieve optimum compliance. 42.7% of VAT-registered businesses have not yet used TIMS. As we finally assist them in transitioning to the new eTIMS, all of our clients who are currently using TIMS will continue to use their present ETR equipment.
Overall, the eTIMS represents a substantial advancement in Kenya’s efforts to improve tax compliance. The solution is anticipated to increase accountability and transparency while reducing errors and increasing tax-collecting efficiency. KRA is advancing toward a more effective and efficient revenue-collecting procedure by adopting technology, which will ultimately benefit the government and taxpayers.
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