Why did URA introduce e-receipting/invoicing? URA introduced e-receipting and invoicing to address the following challenges: Suppression of sales. Some businesses, especially those that deal in general goods, were avoiding generating receipts and so their actual turnover was not reflecting in their tax returnsNon-issuance of tax receipts/invoicesFalse refund and offset claimsFictitious (Forged) Purchases with no physical movement of goodsMatching of input tax and output tax hence paying minimal Tax liabilityNon- remittance of VAT collectedUnverifiable claims by taxpayers due to loss of recordsLimited access to taxpayers’ records – Some taxpayers selectively provide records for tax administration purposesInvoice trading by dishonest Individuals (employees…
EFRIS: Everything you need to know—from how it works and the benefits to your business Last year, Uganda Revenue Authority (URA) introduced the Electronic Fiscal Receipting and Invoicing Solution (EFRIS), an initiative under the Domestic Revenue Mobilization Program whose aim is to address the tax administration challenges relating to business transactions and issuance of receipts. It is a new smart business solution used to record business transactions and share the information with URA in real time (concurrently). It involves the use of e-Invoicing through the URA web portal and direct communication with business transaction systems (system to system connection), Electronic Fiscal Devices (EFDs) and Electronic Dispenser Controllers (EDCs) to manage the issuance of e-receipts and e-invoices. Once a transaction is initiated using any of the EFRIS’ components, transaction details are automatically transmitted to URA in real time (concurrently) to generate e-receipts and e-invoices. CEO East Africa Magazine talks to Ian Rumanyika, the URA Ag. Assistant Commissioner Public & Corporate Affairs about the initiative and what it is intended to achieve.
Ian Rumanyika,Rumanyika occupies 29th slot out of 100 top influential PR practitioners
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