Filed Podcast

Tax Conversations On The Record 🎤

[Julians Amboko @AmbokoJH]

The Tax Procedures (Amendment) Act 2024 amended Sec23A of the Tax Procedures Act creating a window for reverse & buyer initiated invoicing to cater to the needs of small businesses.

Next on @FiledPodcast by @DigiTax_Tech, we comb through reverse & buyer initiated invoicing & what a taxpayer needs to know for their compliance purposes.

Also, what really is the difference between Reverse Invoicing & Buyer Initiated Invoicing?

I will be engaging @KWaruiru from @IchibantaxKE

[Julians Amboko @AmbokoJH]

What can taxpayers expect as the Revenue Authority plans to activate the Sock Management module on eTIMS (see quoted tweet)?

I had this chat with @DBusaule on @FiledPodcast:

Key take aways:

· The Authority is currently in a stakeholder engagement exercise
· The spectrum of stock expected to be captured includes, but will not be limited to, local purchases, imports, acquisitions that included existing stock
· There'll be need for code alignment to ensure seamless integration, the Authority uses the UNSPSC code
· The hope is that the Stock Management module will help the Authority address the perennial headache of 'Missing Trader'

[Filed Podcast @FiledPodcast]

Finally,

If you are interested in catching the full conversation

Youtube: https://t.co/bTa8GshoLW

Spotify: https://t.co/3MGm62E8HP

Ends!

[Filed Podcast @FiledPodcast]

In our kick off episode, we seek to break down electronic tax invoicing in Kenya with David Busaule (@DBusaule)

A 🧵

We started off with a historical perspective. It dates back to the manual Electronic Tax Registers rolled out in 2003

[Filed Podcast @FiledPodcast]

On how many channels can one raise an eTIMS invoice?

Busaule whipped through the options here specifically focusing on small businesses.

[Filed Podcast @FiledPodcast]

Episode 1 of Filed is live.
@AmbokoJH sits down with @DBusaule to break down eTIMS. If your business claims expenses, issues invoices, or holds stock in Kenya, this conversation is for you.

🎧 Spotify: https://t.co/3MGm62E8HP

▶️ YouTube: https://t.co/bTa8GshoLW

[Filed Podcast @FiledPodcast]

Don’t leave your taxes to chance.

Get the knowledge you need to handle your taxes confidently and stay compliant.

Subscribe today > https://t.co/aVqzfsgyBF

[Julians Amboko @AmbokoJH]

A lot is changing in the tax environment, in Kenya & around Africa, & it is not uncommon that we get lost trying to figure it all out, especially on the implications to our day-to-day lives.

That's why I am excited to be partnering with @DigiTax_Tech on @FiledPodcast to curate conversations that help us all stay abreast with emerging issues in tax & how distill with clarity how they impact our lives.

Follow us on social media channels & be sure to catch all our conversations starting Oct 5th here - https://t.co/41o5ok4uMO

[DigiTax @DigiTax_Tech]

@FiledPodcast is here! 🎙️ Our new podcast, hosted by @AmbokoJH, breaks down Kenya's changing tax landscape: what new policies mean for you and how technology makes compliance easier.
Subscribe now and stay tuned.
Tax conversations, on the record https://t.co/zq6Oow7H0E