Kampala, (UG):- President Museveni is today, Friday, April 19, expected to meet the leadership of the business community over their ongoing strike in which the traders disagree with URA’s EFRIS, an Electronic Fiscal Receipting and Invoicing System, which they see as a double taxation.
The Presidential Press Unit (PPU) confirmed the development in a statement on Friday morning, saying the meeting set for this afternoon will take place at State House in Entebbe.
“The Presidential Press Unit (PPU) hereby notifies the general public that H.E. the President of the Republic of Uganda, Gen (Rtd). Yoweri Kaguta Museveni is scheduled to meet with leaders representing the business community, specifically the leaders of traders, and stakeholders. The meeting will take place at State House, Entebbe today,” reads in part the PPU statement.
Additionally, H.E. the President will organize a meeting at Kololo Independence grounds in Kampala for traders. The exact date and time of the meeting will be communicated at a later stage.
While appearing before Parliament’s Joint Committee of Trade and Finance on Thursday, The Minster of Finance, Hon Matia Kasaija said the Uganda Revenue Authority (URA) impasse with the traders will be solved by the President.
According to URA, EFRIS is a new smart business solution used to record business transactions and share information with URA in real-time (concurrently). The e-invoicing system is structured to limit a taxpayer from issuing an invoice without affecting inventory, where goods are involved.
EFRIS involves the use of e-invoicing through the URA web portal and direct communication with business transaction systems (system-to-system connection), electronic fiscal devices, and electronic dispenser controllers to manage the issuance of e-receipts and e-invoices.
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