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<\/figure>\n\n\n\nUganda Revenue Authority (URA) has teamed up with the Institute for Social Transformation (IST) and Urgent Action Fund-Africa to launch an initiative to demystify the Electronic Fiscal Receipting and Invoicing Solutions system. This collaboration addresses widespread confusion and resistance among traders regarding EFRIS and taxation.<\/p>\n\n\n\n
Over the past few weeks, the project reached women in over 12 markets in six districts of Kampala, Gulu, Iganga, Arua, Pader and Busia.<\/p>\n\n\n\n
Moureen Wagubi of IST said the partnership with Urgent Action Fund-Africa is designed to improve traders\u2019 comprehension of the EFRIS system.<\/p>\n\n\n\n
\u201cWe are addressing significant confusion among traders who lack information about EFRIS and its implementation,\u201d said Wagubi, reassuring traders that EFRIS is not a tax in itself but a tool to facilitate smoother transactions and compliance.<\/p>\n\n\n\n
During the sessions, URA team lead Mercy Okori provided crucial insights into taxpayers\u2019 rights and obligations.<\/p>\n\n\n\n
\u201cTraders have the right to be treated fairly, have their information kept confidential and object to any URA assessments. Conversely, traders must fulfill their tax obligations, including accurate record-keeping and avoiding tax evasion,\u201d Okori noted.<\/p>\n\n\n\n
Tax Education expert Sandra Grace Kakooza detailed the VAT rates and their applicability.<\/p>\n\n\n\n
\u201cStandard-rated supplies are taxed at 18%, while zero-rated supplies file nil returns and include exports and certain drugs. Exempt supplies, such as unprocessed agricultural products and some educational services, do not attract VAT,\u201d said Kakooza.<\/p>\n\n\n\n
She also outlined the obligations for VAT-registered businesses, including issuing e-invoices, filing VAT returns within 15 days after the end of month and maintaining accurate records.<\/p>\n\n\n\n
Kakooza called for VAT registration saying it offers benefits such as access to larger business opportunities, the ability to claim VAT on purchases, and no penalties for non-compliance.<\/p>\n\n\n\n