The digital disruption in tax recording is finally knocking on our business doors as KRA locks its eyes on efficiency in revenue administration. The rollout date is 1st August, and as it stands we can’t run away from it rather than embrace and comply.
Our team of tax experts will conduct a training to highlight the tax invoice management system and other related components as the KRA prepares to roll out the TIMS in line with the legal notice no.189 in electronic tax registers (ETR) regulation.
The team will provide proper and thorough guidance on who’s eligible to comply with TIMS, the requirements for value-added tax registered taxpayers, the challenges likely to be faced in its implementation, and why KRA believes TIMS is the game-changer for efficiency, and any other related insights about TIMS.
The following are the topic to be covered in the training;
- TIMS overview.
- Main features of TIMS.
- Objectives of TIMS.
- TIMS vs (Tax planning and Compliance).
- TIMS vs (VAT and VAT Automated Audit (VAA)).
- TIMS vs (tax evasion and avoidance).
- Who are the suppliers of the ETR machine?
- How much does the ETR machine cost?
- How does MNC Consulting Group help the taxpayer in complying?
Time and Date of the training
The training is scheduled to be held on Tuesday 19th July 2022 from 10.00 am to 11.00 am.
Mode of the training
It will be an online training held via WebEx webinar. The link to join the training will be shared upon booking.
Cost of the training
The training will be free.
Target Audience of the training
The training target group /audience is;
- Managers and,
Facilitator of the training
CPA James Ndambiri “THE TAX SURGEON” will be the main facilitator of the training. CPA James Ndambiri is the Managing Partner at Muchiri Ndambiri and Company LLP (MNC) Certified Public Accountants and Principal Consultant at MNC Consulting Group. He has over 15 years of experience in managing and providing audit and assurance, taxation, accountancy, financial and investment advisory, management and business advisory and consultancy to various companies and organizations.
We look forward to your insightful participation and engagement.