Aisino Corporation has been procured by Uganda Revenue Authority (URA) to provide an Electronic Fiscal Receipting and Invoicing Solution.
According to URA, the solution will help mitigate tax administration shortfalls while promoting efficiency.
The solution is set to be rolled out in the 2019/20 financial year, and will help to mitigate such challenges.
According to Ms Patience Rubagumya Tumusiime, the URA acting commissioner general, URA’s strategic focus is to maximise revenue yield from a current tax-to-GDP ratio of 13.8 per cent to 16 per cent by the end of the 2019/20 financial year.
The solution is also expected to improve the URA-taxpayer relationship by expeditiously processing refunds, promoting transparency in declarations and in effect promoting tourism and investment.
Mr Jia Xiqiang, the Aisino Corporation general manager of overseas business, said they would deliver the project within the set time frames.