Day: May 8, 2024

EFRIS is not problematic, Museveni tells traders

By Joshua Niyonshima and Kamugisha Allan Kabahweza President Yoweri Kaguta Museveni has upheld the use of the Electronic Fiscal Receipting and Invoicing System (EFRIS) by traders, citing its importance to business transparency. Addressing traders at the Kololo ceremonial grounds on Tuesday, the President said that EFRIS is not problematic, as earlier alleged by a section …

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Chinese National remanded over suspicious transactions

By Irene Kabakama Wu Su, a 38-year-old Chinese national has been remanded to prison over possible tax evasion. Following investigations that commenced in June last year, URA’s Tax Investigations Department discovered suspicious transactions on Wu Su’s bank accounts yet he is not registered for taxes, an offence provided for in sections 62(a) of the Tax …

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