List KRA Item Classification

KRA Item Classification refers to the categorization of items based on their tax treatment as defined by the Kenya Revenue Authority (KRA).

These classifications are crucial for determining the applicable tax rates, exemptions, and compliance requirements for different types of goods and services.

Best Practices for Managing Item Classifications

1. Regular Updates
   Periodically sync your eTIMS system with the latest KRA data to ensure your classifications are up to date.
2. Train Staff
   Educate employees on how to apply the correct classifications to items during transactions.
3. Verify Accuracy
   Double-check that items are correctly mapped to the appropriate KRA classification.
4. Audit Classifications
   Conduct periodic audits to ensure compliance and resolve any discrepancies.
5. Utilize Filters
   Use filters and search tools to quickly access relevant classifications, especially when managing a large inventory.

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Why item Classifications?

Listing KRA item classifications from Slade360 eTIMS APIs is a critical function that ensures businesses remain compliant with tax regulations and maintain accurate records.