V.A.T. Act 2007 - Kenya Revenue Authority

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Rev. 2007 VALUE ADDED TAX CAP 476 LEGAL NOTICE NO. 195 IN EXERCISE of the powers conferred by Section 58 of the Value Added Tax Act, Cap. 476 the Minister for Finance makes the following Regulations:- L.N. 400/89 L.N. 83/90 L.N. 219/90 L.N. 195/94 L.N. 121/96 L.N. 42/97 L.N.100/97 L.N.544/97 L.N.70/98 L.N.67/99 L.N 165/99 L.N.176.2001 L.N.94/2002 L.N 52/2004 L.N. 49/2005 THE VALUE ADDED TAX REGULATIONS, 1994 Citation and commencement 1. These Regulations may be cited as the Value Added Tax Regulations, 1994 and shall come into operation on the 17 th June, 1994 Interpretation. 2. In these Regulations, unless the context otherwise requires - "personal identification number" means the personal identification number required under section 132 of the Income Tax Act. “register” means an electronic tax register referred to in paragraph 6(5) of the Seventh Schedule to the Act and includes an electronic tax printer and special secure fiscal device for record signing; Application for registration. 3. (1) Applications for registration under paragraphs 1 and 3 of the Sixth Schedule to the Act shall be submitted on Form VAT 1. (2) Any person who knowingly:- (a) gives false information on Form VAT 1; or (b) fails to give full information on Form VAT 1; or (c) makes application on Form VAT 1 to register a person who is already registered, shall be guilty of an offence. (3) The certificate of registration shall be issued on Form VAT 2. 112
Rev. 2007 VALUE ADDED TAX CAP 476 Tax invoice. L/N54/2006 4. (1) The tax invoice to be issued under paragraph 1 of the Seventh Schedule to the Act shall be serially numbered and:- (a) generated through a register; or (b) attached to a register receipt containing details of all the transactions. (2) The tax invoice shall include the following information - (a) the name, address, VAT registration number and personal identification number of the person making the supply; (b) the serial number of the invoice; (c) the date of the invoice; (d) the date of the supply, if different from that given under sub-paragraph (c); (e) the name , address ,VAT registration number, if any, and Personal Identification Number of the person to whom the supply was made, if known to the supplier; (f) the description, quantity and price of the goods or services being supplied; (g) the taxable value of the goods or services, if different from the price charged; (h) the rate and amount of tax charged on each of those goods and services; (i) details of whether the supply is a cash or credit sale and details of cash or other discounts, if any, that apply to the supply; (j) the total value of the supply and the total amount of VAT charged; (k) the logo of the business of the person issuing the invoice; and (l) the identification number of the register. Simplified tax invoice. L/N54/2006 5. (1) The simplified tax invoice referred to in the proviso to paragraph (1) of the Seventh Schedule to the Act shall be a register receipt and shall include the following information- 113
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V.A.T. Act 2007 - Kenya Revenue Authority

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