Learn About eTIMS

print

Stock Management Functionality

 

 

What is KRA informing taxpayers about?

KRA is informing all taxpayers conducting business of their obligation to maintain accurate and up-to-date stock records while invoicing through TIMS/eTIMS, in accordance with Section 23A(2)(b) of the Tax Procedures Act, 2015.

What records should taxpayers maintain?

Taxpayers should maintain accurate records of all stock movements and transactions, including stock that is:

  1. Received
  2. Purchased
  3. Sold
  4. Transferred
  5. Returned
  6. Adjusted
  7. Otherwise disposed of in the course of business
How should stock records relate to TIMS/eTIMS invoices?

Stock records should be properly maintained and aligned with transactions invoiced through TIMS/eTIMS. The records should accurately reflect the movement and status of stock within the business.

Why is accurate stock management important?

Proper stock management supports:

  1. Correct tax reporting
  2. Accurate business records
  3. Compliance with tax requirements
  4. Effective tax administration
What is KRA doing to support the implementation of the stock management functionality?

KRA intends to organise consultative engagement forums with the business community and other key stakeholders.

What is the purpose of the consultative forums?

The forums will provide an opportunity to:

  1. Gather feedback from stakeholders
  2. Identify implementation challenges
  3. Obtain practical recommendations
  4. Enhance the electronic invoicing stock management functionality
  5. Support a smooth transition and effective implementation
When will the consultative forums begin?

The forums are expected to commence in September 2026.

Who should participate in the consultative forums?

All relevant stakeholders, including members of the business community and other key stakeholders involved in the implementation and use of TIMS/eTIMS, are encouraged to participate.

What can stakeholders expect from the forums?

Participants will have an opportunity to gain a better understanding of the stock management functionality and provide practical feedback based on their experiences and operational challenges.

 

How can stakeholders reach out to KRA?

For those seeking further information or interested in participating in the stakeholder discussions, please contact the Contact Centre on Tel: 020 4 999 999 or 0711 099 999, or email stakeholder.engagement@kra.go.ke or callcentre@kra.go.ke