- 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.
