KPLC Gives Customers 2 Weeks to Comply With New TIMS’ Regulations-See List
The Kenya Power and lightning company, (KPLC) has asked its customers to provide them with a list of data so as to be included in the Tax Invoice Management System (TIMS).
This new directive affects businesses which claim VAT. According to KPLC, the directive is in compliance with the Electronic Tax Invoice (ETI) Regulations 2020, gazetted on September, 25.
“In compliance with the Electronic Tax Invoice (ETI) Regulations 2020, gazetted on 25th September vide Legal Notice No. 189 of 2020, KRA introduced a new system called Tax Invoice Management System (TIMS) to replace the current ETR regime aimed at facilitating the administration of Value Added Tax (VAT).”
The TIMS was introduced by Kenya Revenue Authority to replace the current ETR regime aimed at facilitating the administration of Value Added Tax (VAT).
“In order to comply with the above directive and correctly capture the customer information on the invoice, we request that our customers provide us with the data below before 30th September 2022,” KPLC said.
- PIN number
- Correct names as they appear on their National Identity Card
- Partnership Certificates
- Certificates of Incorporation or any other legal registration documents
- Email Address
- Telephone Number
- Postal address and Postal code.
KPLC has directed that the data can be taken to any of their offices countrywide or sent through their official social media handles.
KRA extended the deadline for the requirement by taxpayers to comply with regulations of TIMS to September 30 2022.
VAT-registered taxpayers are required to fully transition to use of Electronic Tax Registers that meet the requirements outlined in the Regulations.