Summary:
- The traders raised concerns about high taxes on textiles, unfair competition from manufacturers, issues with the Electronic Fiscal Receipting and Invoicing Solution (EFRIS), and the threshold for Value Added Tax (VAT).
KAMPALA: President Yoweri Kaguta Museveni instructed Uganda Revenue Authority to halt the imposition of penalties and cease the recovery of already issued penalties.
This directive came on Friday during his meeting with traders’ leaders from Kampala and other districts at Entebbe State House.
The traders raised concerns about high taxes on textiles, unfair competition from manufacturers, issues with the Electronic Fiscal Receipting and Invoicing Solution (EFRIS), and the threshold for Value Added Tax (VAT).
President Museveni urged traders to consider whether they want to contribute to Uganda’s development or bolster other countries’ economies by trading in their goods.
He emphasized the importance of retaining wealth within Uganda and promised to further investigate the traders’ concerns, scheduling another meeting for May 7th, 2024, at Kololo.
President Museveni stressed the importance of continued tax compliance while solutions are sought, expressing appreciation for the traders’ willingness to engage in dialogue.
