×
  • HOME
  • NEWS
  • GOSSIP
  • LIFESTYLE
  • HOT 100
  • SOCIAL
  • EVENTS
  • ×
    close
    profile photo
    Business

    Traders Threaten to Close Businesses Again Over EFRIS Implementation

    640 views
    Traders Threaten to Close Businesses Again Over EFRIS Implementation
    • May 8, 2024 • 16 days ago
    in summary
    Dissatisfied traders have threatened to close their businesses again due to what they see as the unfair implementation of the Electronic Fiscal Receipting and Invoicing system (EFRIS) by the Uganda Revenue Authority (URA). Despite a meeting with President Museveni, during which their grievances were aired, traders remain dissatisfied, particularly regarding the implementation of EFRIS.

    A section of dissatisfied traders has threatened to close their businesses again over what they perceive as the unfair implementation of the Electronic Fiscal Receipting and Invoicing system (EFRIS) by the Uganda Revenue Authority (URA). This decision comes after a much-anticipated meeting with President Museveni held at Kololo Independence Grounds, during which the traders had hoped to have their grievances addressed.

    Among the concerns raised by the traders during the meeting were corruption allegations against URA officials and issues of over and double taxation. Specifically, Mr. John Kabanda, the chairperson of the Federation of Uganda Traders’ Association (FUTA), decried the high and unfavorable taxes imposed on them by URA.

    In response to these concerns, President Museveni stated that he did not see any form of double taxation as claimed by the traders.

    "You only pay once. And you don’t pay what the other one has already paid, and I protect our factories," he said.

    The president also emphasized the government's deliberate policy on taxes, stating that they do not tax what "builds Uganda," and if they do, they impose a smaller tax. He encouraged the traders to embrace exporting locally manufactured products.

    However, despite the meeting with the president, Mr. Kabanda expressed dissatisfaction with the outcomes, stating that they expected the president to call off the implementation of the controversial EFRIS.

    "We are going to meet as traders and plan the way forward. We need a mindset change because the problem started some time ago, but we are trying to work on it, and we have worked on it because it is not as it used to be. But with time, I know we are going to improve," Kabanda said.

    Additionally, Kabanda requested the president to hold annual meetings with them for constructive interactions regarding their businesses. In response, President Museveni promised to hold another meeting with the traders on June 20, 2024, to provide them with a concrete action plan.

    The traders, however, have vowed to close their businesses again if their concerns, especially regarding the implementation of EFRIS, are not adequately addressed.

    Museveni yesterday scrapped penalties imposed on traders for not enrolling on the Electronic Fiscal Receipting and Invoicing Solution (EFRIS) but maintained that the government will continue collecting taxes despite their protestations.

    He, however,ordered Uganda Revenue Authority (URA) to open shops it locked over the standoff, but said tax revenue is required to develop the country for current and future generations.

    “I am 80-years-old and about to go to heaven. You are still young and have more years ahead. You will be the ones to suffer if we don’t plan and make this country better for you to live in,” Mr Museveni said in response to demands by traders that implementation of EFRIS be stayed.

    Leave a Comment below about this story


    In other News

    "I have only three baby mamas" says Father of all nations, Bruno K
    "I have only three baby mamas" says Father of all nations, Bruno K
    ...
    How it went down yesterday as Bobi Wine Resumed Nationwide Country Tours
    How it went down yesterday as Bobi Wine Resumed Nationwide Country Tours
    ...
    UNRA Announces Traffic Diversions at Karuma Bridge to Safeguard Public Safety
    UNRA Announces Traffic Diversions at Karuma Bridge to Safeguard Public Safety
    ...
    Artistes Lineup for Jameson and Friends Denim Edition Revealed
    Artistes Lineup for Jameson and Friends Denim Edition Revealed
    ...
    OPINION:Why Gabie Ntaate
    OPINION:Why Gabie Ntaate's "Cheza For Yesu Concert" flopped
    ...
    No Additional Payment for Census Enumerators Despite Extension - UBOS
    No Additional Payment for Census Enumerators Despite Extension - UBOS
    ...
    Latest News
    Concert Sponsorships Controversy Unfolds as Gospel Singer Gabbie Ntaate Faces Legal Strikes
    Concert Sponsorships Controversy Unfolds as Gospel Singer Gabbie Ntaate Faces Legal Strikes
    less than 1 second ago
    Canary Mugume and Sasha Ferguson
    Canary Mugume and Sasha Ferguson's Relationship Status in Question
    4 minutes ago
    usercover Bnpaulmuzik Ug   5 days ago on Socialviba
    Bnpaulmuzik wakimala produced by Allan sukuma
    storycover
    click on this post to tell us what you think!
    Write a comment...

     

    Today's Hot Stories
    1
    Spice Diana speaks out on the alleged flopping of Gabbie Ntaate
    Spice Diana speaks out on the alleged flopping of Gabbie Ntaate's concert
    Celebrity
    2
    UNRA Announces Traffic Diversions at Karuma Bridge to Safeguard Public Safety
    UNRA Announces Traffic Diversions at Karuma Bridge to Safeguard Public Safety
    National
    3
    The Uganda Energy Credit Capitalisation Company to finance solar dealers
    The Uganda Energy Credit Capitalisation Company to finance solar dealers
    Business
    4
    Speaker and Deputy Speaker to spend Shs. 800,000 daily on clothing in next Financial year
    Speaker and Deputy Speaker to spend Shs. 800,000 daily on clothing in next Financial year
    National
    5
    Newcastle transfer plans,Gareth Southgate
    Newcastle transfer plans,Gareth Southgate's potential replacement and Kieran McKenna's future.
    Sport
    6
    Europa League defeat will not tarnish Alonso
    Europa League defeat will not tarnish Alonso's Leverkusen pride
    Sport
    7
    Russia denies U.S. charge that it put anti-satellite weapon in space
    Russia denies U.S. charge that it put anti-satellite weapon in space
    International
    8
    Congo
    Congo's tears, Ugandan Farmer's opportunity
    Business
    9
    "I can never kneel before any artist." Gravity omutujju
    "I can never kneel before any artist." Gravity omutujju
    Gossip
    10
    Boosting Sales and Visibility for Ugandan car dealers using Open-Air Sales Events
    Boosting Sales and Visibility for Ugandan car dealers using Open-Air Sales Events
    Business
    Listen to Music on Nowviba