Introduction of e-Invoicing in
Uganda
Digital Transformation: The Uganda Revenue Authority (URA) is driving the shift towards digital tax management through the implementation of the Electronic Fiscal Receipting and Invoicing System (EFRIS), aiming to enhance efficiency and transparency.
Centralized System: EFRIS serves as a centralized platform for issuing and managing fiscal documents, streamlining tax processes to ensure all transactions are regulated through a controlled system.
Real-Time Data Transfer: The system supports real-time data transmission, allowing tax authorities to monitor and verify taxpayers' business transactions instantly, thus strengthening tax compliance.
Coverage of Tax Types: The regulations cover a range of tax types, including Value Added Tax (VAT), Corporate Income Tax (CIT), and Excise Duty, ensuring effective management of different types of taxable transactions.
Tax Mobilization Efficiency: By leveraging EFRIS, the URA aims to improve the efficiency of VAT and the productivity of CIT, addressing challenges such as under-declaration of sales and fraudulent refund claims.
Business Environment Improvement: The regulations aim to attract more investment by reducing the cost of compliance and improving service delivery, thus enhancing Uganda's business environment.
Cultural Shift in Taxation: There is an emphasis on moving from a culture of reluctance to one of willingness in tax compliance, encouraging voluntary adherence to tax regulations.
Security and Anti-Counterfeiting: EFRIS includes security features such as encrypted digital verification codes and Quick Response (QR) codes for each fiscal document, enhancing the security and anti-counterfeiting capabilities of tax documents.
Inclusiveness for Business Models: The regulations are inclusive of all business models operated in Uganda, including B2B (Business-to-Business), B2G (Business-to-Government), and B2C (Business-to-Consumer), ensuring tax compliance across different business sectors.
Technical Support and Flexibility: The system offers both online and offline modes, ensuring tax operations can be conducted under various network conditions, and provides technical flexibility to accommodate the needs of different taxpayers.
Key Points of Fiscal Regualtion
URA communicates through secure technology, using Web Service APIs (like SOAP or REST) or other available application service communication protocols for data exchange between the taxpayer's system and URA's system.
For verification, PKI is used to sign all requests, and AES encryption secures the data in transit, with clear and descriptive error codes in both requests and responses to assist in troubleshooting. The backend server processes the transaction data sent by the taxpayer's system, carries out fiscalization, and responds with fiscalized information within a set time-out period.
URA
Authority
API
Communication
QRcode
Validation
The Shift from Traditional Hardware Fiscal Solution to e-Invoicing Solution
The world of fiscal solution is evolving! The conventional, hardware-focused fiscal solutions are making way for software-based e-invoicing solutions.
Traditional hardware fiscal systems, while effective, are tethered to custom-built hardware. These systems log all sales data and daily summaries via fiscal modules. Nevertheless, they come with their fair share of challenges.
In contrast, e-invoicing solutions are the new-age heroes. These software-based solutions periodically synchronize data with government fiscal server, offering an array of benefits.
Weekness of Hardware Fiscal Solution
The production and supply of custom hardware can be quite a hurdle.
Hardware-based solutions up the ante when it comes to maintenance, especially in rural regions.
Merchants need to shell out hefty sums for procuring these devices, thereby straining their finances.
Benifits of e-Invoicing Solution
Lower the threshold for tax collection, effectively increasing coverage and boosting government revenue.
Operate on most general-purpose hardware, reducing initial investments for merchants.
The power of technology enables remote troubleshooting, saving merchants valuable time otherwise spent on the road.
The subscription-based model lightens the initial cost burden on merchants, giving them the flexibility to discontinue the service based on their business needs.
Dealers can enjoy a steady stream of income through subscriptions, which often surpasses the total revenue from hardware solutions.
Offer the possibility of software iteration to provide more management functions and customization capabilities, better assisting store owners.
Seamless
e-Invoicing with EazSell Solution
Say goodbye to manual invoicing and hello to efficiency with EazSell's groundbreaking e-Invoicing solution. Seamlessly integrate with URA fiscal API, and effortlessly upload real-time receipts to their secure servers.
Stay compliant, save time, and gain peace of mind knowing that your invoicing is accurate and hassle-free. Experience the power of automation and take your business to new heights.
Empowering Businesses with Cloud and Mobility Solutions
Embrace the power of EazSell Cloud and EazSell Mobility, our cutting-edge solutions designed for all types of businesses, available on both WEB and PC platforms, as well as the Android system.
Whether you're operating a small boutique, a chain store, or even a large-scale hotel, we have the perfect solution tailored just for you. Our sophisticated tools are primed to transform your business, catalyzing exceptional growth and streamlining operations like never before.
Sell Anytime, Anywhere with Multi-Platform Ability
Embrace the freedom to sell anytime, anywhere. EazSell solution enables seamless available in multiple platforms, including computers, PC POS systems, tablets, Android POS and smartphones. Stay connected, stay productive, and stay ahead of the competition with EazSell. The power to grow your business is now in your hand.
Elevate Businesses with ERP Integration
Eevate business to new heights with EazSell OpenAPI integration with renowned ERP software.
Seamlessly connect with leading systems like Sage, SAP, and Quickbooks to streamline operations and unlock unprecedented efficiency.
Some additional benefits of EazSell
Offline Selling
Empowers business with offline sales capabilities. No matter where you are, keep your business running smoothly.
Gain Insights
Gain valuable insights and make data-driven decisions with EazSell comprehensive reporting functionality.
Stock Optimize
Take control of your inventory with EazSell advanced inventory management capabilities.
Progress Update
We are committed to providing real-time updates on the progress of our project.
Seeking Partnership
We eagerly look forward to collaborating with local partners to introduce a new generation of solutions to the Tanzanian market, expanding the reach of our e-Invoicing solutions.
We are confident that, with the strong support of our partners, we will quickly offer a new option to the market by customizing our products to comply with the fiscal regulation.
Engage with us, as we strive to meet the legal requirements and go a step further in providing innovative solutions. Together, we can achieve more!
Development Budget
We will complete the compliance development of our product in the shortest possible time, ensuring it meets all regulatory requirements.
But that's not all! We are committed to listening to our partners, understanding their needs, and making localized modifications and feature customization to our product. This will make our product more market-friendly, ready to serve a broader range of merchants. Let's innovate together, for a more efficient tomorrow!
$5000
Estimate Cost
For single EazSell Product
2 weeks
Estimate Time
For single EazSell Product
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