URA to Enroll Small Businesses on EFRIS for Efficient VAT Collection

• URA to enroll all vatable smaller and medium size businesses on EFRIS for VAT collection
• Meeting with Indian Business Forum members to discuss taxation and business facilitating mechanisms
• Issues raised included uneven deployment of EFRIS across all vatable businesses
• All vatable businesses to be enlisted on EFRIS using desktop or computer application
• EFRIS launched in 2021 to block VAT leakage at point of sale
• System tracks business transactions to determine VAT accrued
• Operational issues ironed out in closed door meeting, policy issues to be addressed jointly with Ministry of Finance and Parliament
• URA to have shared compliance improvement plan to reduce tax payer fatigue
• Indian Business Forum focuses on discussing policies and challenges in business with government agencies
• URA management responsive to concerns of forum members
• Meeting opened up direct communication with tax body and provided immediate solutions to complex concerns

Source: independent.co.ug

Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.

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