User:VINASBiz/sandbox

URA as part of their Domestic Revenue Mobilization Strategy introduced the EFRIS (Electronic Fiscal Receipting and Invoicing System) which is an automated compliance system which is intended to manage the issuance and centralized tracking of all invoices and receipts by business taxpayers in Uganda.

Background
The supporting legislation of the EFRIS is found in sections 73A and 73B of the Tax Procedures Code Act and the Tax Procedures Code (E-invoicing and E-receipting) Regulations 2020 (“the Regulations”). When a transaction is initiated using one of the prescribed EFRIS methods, transaction details are transmitted to URA’s back end system for fiscalisation to produce electronic fiscal documents (i.e. e- receipts and e-invoices). E-invoices and e-receipts are required to be issued in a prescribed format in accordance with the Regulations.

== Benefits of the EFRIS ==


 * 1) Improved record keeping among taxpayers
 * 2) Ability to track and authenticate business transactions in real time for efficient business management
 * 3) Fast-tracking payment of refund claims using e-receipts or e-invoices given that the information shall be available in the system
 * 4) Elimination of the risk of physical loss of tax invoices as transactional data since copies are digitally stored in the system
 * 5) Enable URA avail taxpayers with prefilled tax returns in future to minimize delayed and costs involved in filling tax returns

In addition to the compliance aspects, claimed benefits for the system include the ability for purchasers to check the validity of documents in real time and simplifying the preparation of VAT returns.

Who is affected by EFRIS
URA Gazette Notice No. 595 published on 23 June 2020 provides that it is mandatory for all VAT-registered taxpayers to issue e-invoices and e-receipts through EFRIS with effect from 1 July 2020. At the same time, amendments to the Income Tax Act and VAT Act effective from the same date require any person purchasing goods or services from a VAT-registered taxpayer to hold an e-receipt or e-invoice to in order to claim a tax deduction or input tax credit. URA granted a transition period up to December 2020 for affected taxpayers to implement EFRIS and commence to issue e-invoices and e-receipts. During this period, the URA has continued to accept the use of existing (non-electronic) tax invoices to support customer claims for VAT input tax credits.

Training
URA has taken on an initiative to train the different VAT taxpayers and some other companies like VINAS Businesses have offered their clients with services like training, system to system configuration and stock management.