Business

URA launched MPA, receipt Yange campaign in Lira City

Uganda Revenue Authority has introduced a desktop application and Electronic Fiscal Devices (EFDs) to be used as alternative invoicing methods to enable seamless issuance of e-invoices and e-receipts to clients.

The new platforms have been developed to support Value Added Tax (VAT) registered taxpayers who are not designated to use the system-to-system invoicing method. The desktop application will enable taxpayers who cannot afford EFDs to also use the Electronic Fiscal Receipting and Invoicing System (EFRIS).

While addressing the media at Lira Mayor’s Garden the station head Lira office which covered nine district of lango Sub region Geoffrey Mujabi urges the public to purchase from businesses that issue e-receipts. “We encourage the public to buy goods and services from businesses that issue e-invoices or e-receipts. An e-invoice or e-receipt is proof that the tax paid will be accounted for by taxpayers and remitted to the consolidated fund for national development,” he says.

Geoffrey said penalties for not issuing an e-receipt is shs 6 million per month

”For instance,if we come and purchase goods from your shop at 100 and the receipt is not issued, it still attracts a penalty of six million”said Mujabi.

“These are two important ingredients for any business to succeed. For any economy to develop, we need to have accurate records for us to know the growth of our businesses and for us as consumers to know how much we are spending,”Mr.Mujabi says.

Close to 15 billion Lango,with 80 percent alone coming from Lira because it is the business hub of the Lango Sub region.

By Arao Denis

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