Talking Taxes: Understanding EFRIS and Trade Policies
Understanding EFRIS and Trade Policies
The discussions with traders about the Electronic Fiscal Receipting and Invoicing Solution (EFRIS) issue continued yesterday at the Kololo grounds. The NRM government has implemented a deliberate and strategic tax policy to develop an independent, integrated, and self-sufficient economy. Regarding trading, there is no import tax on select categories such as pharmaceuticals, machinery, and raw materials used for input into manufacturing or development projects. Similarly, we don’t tax exports. If at all there is a tax on any of these categories, it is a negligible amount.
 
Therefore, the issue on the table is the import of consumer goods, which are not medicines, machinery, raw materials, or intermediate products, and our taxation on those items is deliberate.

Recent News Updates

President Museveni, First Lady Enumerated In National Census Exercise
Talking Taxes: Understanding EFRIS and Trade Policies
President Museveni Highlights Urgent African Sovereignty Challenges
Building Wealth Together: A Message to Boda Boda Leaders

Related News