EFRIS: Uganda manufacturers disagree with traders
KAMPALA. The Uganda Manufacturers Association (UMA) has expressed its backing for the Electronic Fiscal Receipting and Invoicing System (EFRIS) while also pinpointing shortcomings in its execution by government agencies. UMA Chairman Deo Kayemba noted that although the system is crucial for effective tax administration, taxpayers lack understanding of it, as well as the tax structure, emphasizing the need for thorough public awareness before implementation. EFRIS facilitates real-time issuance and management of e-receipts and e-invoices for business operations, streamlining daily transactions and administration. Transactions initiated through the system promptly transmit details to tax authorities for e-receipt and e-invoice generation, primarily aimed at monitoring value-added tax (VAT) payment and ensuring proper record-keeping. However, traders in Kampala and nearby regions have contested the system, alleging double taxation, as goods they trade have already incurred taxes at earlier stages. Uganda Revenue Authority (URA) refutes […]
