EFRIS system Awareness workshop in Kampala

Uganda Small Scale Industries Association (USSIA) in partnership with Uganda Revenue Authority (URA) organized an awareness meeting on the 9th of August 2022 aimed at sensitizing the members on the application and the importance of using the system in their businesses as well as discussing other different tax related challenges that they face.

The Ugandan government on the 1st of January 2021 instructed all the formally registered companies to start using the Electronic Fiscal Receipting and Invoicing System (EFRIS) to report electronically issued invoices and cash receipts to the URA. Under this system, organizations and companies operating in the Ugandan market are to submit their electronic sales invoices to URA, and URA must approve the invoice before the company can transmit it to its client. The implementation of the EFRIS system aims to tackle tax evasion and the fraudulent practice of false invoices for fake purchases. Some of the documents to be sent electronically include: invoices, credit and debit notes, goods movement, inventories and others.

The main purpose of this meeting was to enlighten the members about the importance of using EFRIS in their business. The awareness session was held at the USSIA Board room in Kampala and was attended by over 34 industrialists.

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Micro Enterprise Development Training Held In Lira Zone

The USSIA Lira zone members participated in a Micro Enterprise Development training on the 8th of August 2022. The team led by the regional coordinator Lira zone was invited to take part in the training that was organized by Stanbic Business Incubator Limited whose main objective was to provide entrepreneurship, business training and other related follow up services aimed at sparking, inspiring and promoting innovation amongst the various selected micro enterprises and other early stage entrepreneurs.

The training was attended by over 30 participants of which 20 were USSIA members. The participants were taken through a number of entrepreneurial modules like Entrepreneurs Mindset, Basic Design Thinking and Analysis of Business Environments, Business planning, Business modeling, Financial Literacy and Sources of Funds, Building Relationship with your bank among others.

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