Integrated Financial Management Information System (IFMIS), iTax and Central Bank of Kenya (CBK) systems are now integrated.
The main objective of the integration is to streamline payment of taxes by suppliers to the National and County government entities.
The integration will facilitate timely payment to suppliers, generation of withholding tax certificates on amounts withheld by Withholding Agents and faster processing of Tax Compliance Certificates (TCC).
All suppliers wishing to do business with the government must therefore update their records in both iTax and IFMIS to avoid any inconveniences.
All the businesses will be individually identified using both the PIN and the company / business registration number.
In this regard, taxpayers will be required to update their registration details which include valid information on the following;
- Company/ Business Registration Number as issued from the Registrar of Companies.
- Registered Business Name
- Physical address (Building & Street)
- Postal Address
- Telephone number and email address
In addition, sole proprietors operating more than one business entity, are now required to update their details in iTax for each business name.
In order to update registration details in iTax and IFMIS, suppliers will be required to first update their records in iTax upon which they will proceed to update their records in IFMIS Portal.
Subsequently, all suppliers are required to liaise with the Government Procuring entities that they are doing business with and who will facilitate them to update their business names and numbers in IFMIS on or before31st January, 2017. This process will help suppliers to ‘self-clean’ their details in IFMIS.
Suppliers who will not have updated their details by the due date may have difficulties in submitting their bids through the e-procurement module and in receiving payments through IFMIS.