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External | what does this mean? This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author. SunTec rolls out e-invoicing package in Saudi Arabia 5 hours ago Source: SunTec SunTec Business Solutions, the world’s #1 relationship-based pricing and billing company, has announced the launch of its fully pre-configured E-invoicing solution to help banks in the Kingdom of Saudi Arabia (KSA) meet their compliance requirements. The announcement is timely as KSA has mandated businesses to embrace a di...

Daily Monitor Monday May 10 2021 URA has two months to close a Shs6 trillion before the closure of the 2020/21 financial year. PHOTO/FILE Summary With barely two months to the end of the financial year, URA will have to collect at least Shs6 trillion to fill the shortfall. Advertisement For the second time in as many years Uganda Revenue Authority (URA) is expected to close the financial year with a deficit.  With barely two months to the end of the 2020/21 financial year, URA will have to collect at least Shs6 trillion to fill the revenue shortfall.  Speaking during a dialogue on the econo...

Daily Monitor Monday March 08 2021 Advertisement Women business leaders should re-invent themselves and become more creative as the business environment becomes more competitive. Ms Patience Rubagumya, the Commissioner Legal Services & Board Affairs at Uganda Revenue Authority says that businesses that are owned by women which are mainly small and medium were greatly devastated by Covid-19 pandemic. Ms Rubagumya who was speaking to women business operators as the world commemorates the International Women’s Day, in Kampala, said that only those who are ready to adapt to creativity will make...

We are progressing well with e-receipts, says URA   Monday January 18 2021 It is now a requirement for every business operator to issue an e-receipt of invoice for supply or sell of VAT registered goods. PHOTO | FILE Summary Cost of implementation. The cost of EFRIS varies. For instance, the web portal and desktop application options are relatively free with minimum overheads such as Internet or power utilities while the system-to-system integration may attract a minimum cost of integration with EFRIS and the charges vary from vendor to vendor.  Advertisement URA recently started implementa...