Extension of deadline for compliance with Tax Invoice Management System (TIMS)

Tubonge Tax

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2y ago 18:02

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The deadline for the requirement by taxpayers to comply with regulations of the Tax Invoice Management System (TIMS) has been extended to 30th September 2022. The deadline extension is an administrative decision necessitated by taxpayers' request for more time to acquire and activate their TIMS devices in compliance with Electronic Tax Invoice (ETI) Regulations that were gazetted on 25th September 2020, Legal Notice 189.

The overall objective of introducing TIMS vide VAT (Electronic Tax Invoice) Regulations, 2020 is to increase VAT compliance, minimize on VAT fraud and increase tax revenue.

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