One-Day Sales Strike In Uganda Over Tax Row

Several traders in Uganda’s capital, Kampala, have reportedly closed their businesses on Tuesday in protest at the enforcement of a controversial tax invoicing system.

Local media reports gathered that Many business people believe the new system will complicate their operations and result in them paying more taxes, emphasizing the high cost of software.

The Electronic Fiscal Receipting and Invoicing System (EFRIS) was launched by the tax agency in January 2021 to track sales and taxes in real-time. It has only recently been enforced among small-scale traders, sparking protests.

Uganda’s Revenue Authority has pushed ahead with the system despite traders’ concerns, arguing that its adoption will curb tax evasion and make it easier for businesses to file tax returns.

The post One-Day Sales Strike In Uganda Over Tax Row first appeared on Royal Times of Nigeria..