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Tag Archives: EFRIS

URA collects Shs5.4trillion in first quarter of FY2022/23

But it reported revenue shortfall in withholding tax, temporary road license and export levy | THE INDEPENDENT | Uganda Revenue Authority collected net revenue amounting to Shs5.4trillion against a target of Shs5.1trillion for the three months ending September 30, representing a Shs286billion surplus. This represents a 105.58% improved performance and …

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URA’s Shs25trillion target plan

Commissioner General John Musinguzi outlines ways of hitting this target | THE INDEPENDENT | Uganda Revenue Authority Commissioner General John Rujoki Musinguzi has outlined his plan that will make it possible for him to achieve the Shs25.1tn target for FY2022/23 set by the Minister of Finance Planning and Economic Development. …

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Stanbic Bank, KACITA move on Asian markets

Stanbic Bank Uganda Limited and Kampala City Traders | THE INDEPENDENT | Association on Oct.14, unveiled a partnership that will significantly ease traders’ ability to source for goods from Asian markets as well as pay the stipulated taxes on the imported items. Stanbic Bank Uganda Chief Executive Anne Juuko said …

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Electronic receipts: Consumers to foot costs

  Kampala, Uganda | THE INDEPENDENT | As Uganda Revenue Authority implements the Electronic Fiscal Receipting and Invoicing Solution (EFRIS), traders and other taxpaying companies fear that the cost of doing business will increase. The URA has got a go-ahead to continue implementing EFRIS, after the High Court dismissed a petition …

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