By KGR Reporter,
The Uganda Manufacturers Association has offered support for the Electronic Fiscal Receipting and Invoicing System but faults the government agencies on aspects of its implementation.
UMA Chairman, Deo Kayemba says while the system is vital to ensure proper tax administration, the taxpayers do not understand it, nor do they even understand the tax regime, a situation that should have called for proper sensitization of the masses before implementation.
Mr. Kayembe speaking….
EFRIS is a system that enables business operators to transact and manage the issuance of e-receipts and e-invoices in real-time.
It is therefore a modern tool that simplifies all business transactions and their management daily.
Once a transaction is initiated using any of the solution’s components, transaction details are transmitted to the tax body in real time to generate e-receipts and e-invoices. END.