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EFRIS: Everything you need to know—from how it works and the benefits to your business Last year, Uganda Revenue Authority (URA) introduced the Electronic Fiscal Receipting and Invoicing Solution (EFRIS), an initiative under the Domestic Revenue Mobilization Program whose aim is to address the tax administration challenges relating to business transactions and issuance of receipts. It is a new smart business solution used to record business transactions and share the information with URA in real time (concurrently). It involves the use of e-Invoicing through the URA web portal and direct communication with business transaction systems (system to system connection), Electronic Fiscal Devices (EFDs) and Electronic Dispenser Controllers (EDCs) to manage the issuance of e-receipts and e-invoices. Once a transaction is initiated using any of the EFRIS’ components, transaction details are automatically transmitted to URA in real time (concurrently) to generate e-receipts and e-invoices. CEO East Africa Magazine talks to Ian Rumanyika, the URA Ag. Assistant Commissioner Public & Corporate Affairs about the initiative and what it is intended to achieve.
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