The Uganda Revenue Authority (URA) has extended the deadline for acquiring the Electronic Fiscal Receipting Solution (EFRIS) to January 1, 2021.
While the initial deadline was July 1, 2020, the Authority says some taxpayers are experiencing "some challenges in integrating their respective systems with EFRIS".
The deadline extension, according to the taxman, is to provide room to address these challenges.
"... in order to allow the taxpayers to address the various challenges encountered with using EFRIS and further prepare the public to change, URA management considered and allowed the taxpayers' request to extend the transition period for a further period of three months," reads an official statement.
"The effective date of implementation of EFRIS will therefore be" January 1, 2021.
URA says it will continue to sensitize the taxpayers and facilitate them on how to integrate the system.
URA announced in June that the use of EFRIS would start in the financial year 2020/21.
According to URA, it’s an initiative under the Domestic Revenue Mobilisation Strategy (2019/20-2023/24) and it is to be used by all businesses to manage issuance of e-receipts and e-invoices as provided for under Section 73A of the Tax Procedures Code Act 2014.
URA says the system is aimed at improving efficiency among businesses and reduce the cost of compliance through the following:
- Improved record-keeping among taxpayers
- Ability to track and authenticate business transactions in real-time for efficient business management
- Fast-tracking payment of refund claims using e-receipts or e-invoices given that the information shall be available in the system
- Elimination of the risk of physical loss of tax invoices as transactional data since copies are digitally stored in the system
- Enable URA avail taxpayers with prefilled tax returns in the future to minimise delayed and costs involved in filing tax returns.