Why do people fear VAT? 😅

Ju inaonekana complicated kuliko vile iko.

Simple flow ni hii:

Unauza → unacharge VAT.

Unanunua → unalipa VAT.

Then una-reconcile.

Output VAT minus eligible input VAT = VAT payable.

Hapo ndio VAT inaanza kuwa simple. 👌🏾

Kila month:

1️⃣ Record sales zako.

2️⃣ Classify them correctly.

3️⃣ Check output VAT.

4️⃣ Check eligible input VAT.

5️⃣ Reconcile books, eTIMS na invoices.

6️⃣ File and pay.

Shida mara nyingi si VAT.

Ni messy records. 

Missing invoices.

Unsupported purchases.

Unreconciled books.

VAT si magic.

Ni process.

Record → Classify → Reconcile → File. 📊