The Federation of Kenya Employers (FKE) on 28th February 2024 hosted a groundbreaking webinar in partnership with the Kenya Revenue Authority (KRA). The webinar provided this insights on Electronic Tax Invoice Management System (eTIMS), a pioneering platform set to redefine the landscape of tax invoicing in the country. With the convergence of industry leaders, tax experts, and stakeholders, the webinar allowed for delegates to delve into the latest advancements and strategies in tax management.
The well seasoned experts speaking were Velma Miguta an Intelligent and Enforcement Officer at KRA and Lince Kimani a Change Management Officer at the Authority. The session was coordinated and moderated by Jacinta Wairimu while delegates were welcomed to the session by the Head of Advocacy, Consulting and Partnerships Mr. Stephen Obiro.
The significance of the eTIMS initiative cannot be overstated. It marks a decisive step towards digitizing and streamlining tax processes, aligning with global trends in technological innovation. By leveraging cutting-edge electronic invoicing solutions, eTIMS promises to enhance efficiency, transparency, and compliance within the tax ecosystem. This transformation is poised to catalyze economic growth and bolster Kenya's competitiveness on the global stage. The Federation believes that building the capacity of employers is the right step in promoting compliance with government systems and reforms.
Throughout the webinar, delegates were treated to a comprehensive overview of eTIMS, its functionalities, and the manifold benefits it brings to businesses and the government alike. Through engaging presentations, demonstrations, and interactive discussions, participants gained valuable insights into the operational mechanics of the system and its potential impact on tax compliance and revenue generation.
One of the key highlights of the event was the collaborative effort between FKE and KRA to foster a conducive environment for innovation and partnership. The webinar served as a testament to the power of public-private collaboration in driving positive change and fostering a culture of innovation within the tax ecosystem. By synergizing the expertise and resources of both sectors, the initiative aims to catalyze the adoption of eTIMS across various industries and sectors, ensuring widespread adoption and maximal impact.
In conclusion, the FKE webinar on eTIMS in partnership with KRA heralds a new era of innovation and efficiency in tax management. By harnessing the power of technology and collaboration, Kenya is poised to realize its vision of a dynamic and resilient tax ecosystem. As businesses and stakeholders embrace the transformative potential of eTIMS, the stage is set for sustained growth, prosperity, and competitiveness in the years to come. Watch out for more FKE Webinars on important topics on matters affecting your business.