{"id":23454,"date":"2021-12-23T14:38:28","date_gmt":"2021-12-23T14:38:28","guid":{"rendered":"https:\/\/www.africa-press.net\/uganda\/?p=23454"},"modified":"2021-12-23T14:22:38","modified_gmt":"2021-12-23T14:22:38","slug":"businesses-stuck-after-ura-halts-online-credit-notes","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/uganda\/all-news\/businesses-stuck-after-ura-halts-online-credit-notes","title":{"rendered":"Businesses stuck after URA halts \u00a0online credit notes"},"content":{"rendered":"<p><span style=\"color: #ff6600\"><strong>Africa-Press &#8211; Uganda. <\/strong><\/span>Businesses are struggling to reconcile their transactions after Uganda Revenue Authority (URA) suspended issuance of credit notes, citing abuse and manipulation.<\/p>\n<p>The suspension, which URA has said is an \u201cadministrative procedure\u201d means that businesses cannot reconcile what has been sent to the market and returned as unsold, without URA\u2019s physical approval unlike when approvals have been done online previously.<\/p>\n<p>The suspension, Monitor understands has been ongoing for weeks with operations involving sales returns, which is a normal part of running a business, being frustrated by an indefinite administrative procedure, with the most affected being manufacturers, processors and providers of regular services spoken to saying \u201cwe are stuck and frustrated\u201d.<\/p>\n<p>URA now wants taxpayers who must issue credit notes to seek approval.<\/p>\n<p>However, Mr Albert Beine, the Global Taxation Services chief executive officer and founder, on Monday told Monitor the suspension was illegal, noting that anything that restricts or suspends issuance of a credit note must be based on the law.<\/p>\n<p>\u201cFirst of all a credit note is provided for by law for the operation of Electronic Fiscal Receipting and Invoicing System. And if it is being misused then it is the law that should address the gap instead of a blanket decisions,\u201d he said, noting what URA is doing has significant impact on how business is done.<\/p>\n<p>The suspension, he said, means that businesses cannot receive payment and cannot pay, which eventually will make URA suffer in terms of reduced tax collections, wondering why URA would take such a measure.<\/p>\n<p>However, Mr Ibrahim Bbosa, the URA assistant commissioner public and corporate affairs, said the suspension was an administrative procedure that would require approval for a credit note to be issued.<\/p>\n<p>\u201cInitially it has been auto approval in the system. But after analysis, we observed that some taxpayers have been abusing the system by making claims, which basically exceed their revenues. We have seen people making reversals of transactions that have already happened and by doing so they are basically abusing and cheating the system,\u201d he said.<\/p>\n<p><strong>For More News And Analysis About <a href=\"https:\/\/www.africa-press.net\/uganda\">Uganda<\/a> Follow <a href=\"https:\/\/www.africa-press.net\/\">Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Africa-Press &#8211; Uganda. Businesses are struggling to reconcile their transactions after Uganda Revenue Authority (URA) suspended issuance of credit notes, citing abuse and manipulation. The suspension, which URA has said is an \u201cadministrative procedure\u201d means that businesses cannot reconcile what has been sent to the market and returned as unsold, without URA\u2019s physical approval unlike [&hellip;]<\/p>\n","protected":false},"author":84,"featured_media":23453,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5,8],"tags":[233,240,234],"class_list":["post-23454","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-homepage-english","tag-africa-press","tag-africa-press-uganda","tag-uganda"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.1 (Yoast SEO v27.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Businesses stuck after URA halts \u00a0online credit notes - Uganda<\/title>\n<meta name=\"description\" content=\"Businesses are struggling to reconcile their transactions after Uganda Revenue Authority (URA) suspended issuance of cre ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/uganda\/all-news\/businesses-stuck-after-ura-halts-online-credit-notes\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Businesses stuck after URA halts \u00a0online credit notes\" \/>\n<meta property=\"og:description\" content=\"Businesses are struggling to reconcile their transactions after Uganda Revenue Authority (URA) suspended issuance of cre ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/uganda\/all-news\/businesses-stuck-after-ura-halts-online-credit-notes\" \/>\n<meta property=\"og:site_name\" content=\"Uganda\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2021-12-23T14:38:28+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/uganda\/sites\/34\/2021\/12\/img-61c4861899b55.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"800\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/uganda\/all-news\/businesses-stuck-after-ura-halts-online-credit-notes#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/uganda\/all-news\/businesses-stuck-after-ura-halts-online-credit-notes\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/uganda\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Businesses stuck after URA halts \u00a0online credit notes\",\"datePublished\":\"2021-12-23T14:38:28+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/uganda\/all-news\/businesses-stuck-after-ura-halts-online-credit-notes\"},\"wordCount\":357,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/uganda\/all-news\/businesses-stuck-after-ura-halts-online-credit-notes#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/uganda\/sites\/34\/2021\/12\/img-61c4861899b55.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Uganda\",\"uganda\"],\"articleSection\":[\"all news\",\"economy\",\"homepage-english\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/uganda\/all-news\/businesses-stuck-after-ura-halts-online-credit-notes#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/uganda\/all-news\/businesses-stuck-after-ura-halts-online-credit-notes\",\"url\":\"https:\/\/www.africa-press.net\/uganda\/all-news\/businesses-stuck-after-ura-halts-online-credit-notes\",\"name\":\"Businesses stuck after URA halts \u00a0online credit notes - Uganda\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/uganda\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/uganda\/all-news\/businesses-stuck-after-ura-halts-online-credit-notes#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/uganda\/all-news\/businesses-stuck-after-ura-halts-online-credit-notes#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/uganda\/sites\/34\/2021\/12\/img-61c4861899b55.jpg\",\"datePublished\":\"2021-12-23T14:38:28+00:00\",\"author\":{\"@id\":\"https:\/\/www.africa-press.net\/uganda\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"description\":\"Businesses are struggling to reconcile their transactions after Uganda Revenue Authority (URA) suspended issuance of cre ...\",\"breadcrumb\":{\"@id\":\"https:\/\/www.africa-press.net\/uganda\/all-news\/businesses-stuck-after-ura-halts-online-credit-notes#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.africa-press.net\/uganda\/all-news\/businesses-stuck-after-ura-halts-online-credit-notes\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.africa-press.net\/uganda\/all-news\/businesses-stuck-after-ura-halts-online-credit-notes#primaryimage\",\"url\":\"https:\/\/static.africa-press.net\/uganda\/sites\/34\/2021\/12\/img-61c4861899b55.jpg\",\"contentUrl\":\"https:\/\/static.africa-press.net\/uganda\/sites\/34\/2021\/12\/img-61c4861899b55.jpg\",\"width\":1200,\"height\":800,\"caption\":\"Businesses stuck after URA halts \u00a0online credit notes\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.africa-press.net\/uganda\/all-news\/businesses-stuck-after-ura-halts-online-credit-notes#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.africa-press.net\/uganda\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Businesses stuck after URA halts \u00a0online credit notes\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.africa-press.net\/uganda\/#website\",\"url\":\"https:\/\/www.africa-press.net\/uganda\/\",\"name\":\"Uganda\",\"description\":\"Just another Africa News Agency Sites site\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.africa-press.net\/uganda\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.africa-press.net\/uganda\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\",\"name\":\"cfeditoren\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.africa-press.net\/uganda\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g\",\"caption\":\"cfeditoren\"}}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Businesses stuck after URA halts \u00a0online credit notes - Uganda","description":"Businesses are struggling to reconcile their transactions after Uganda Revenue Authority (URA) suspended issuance of cre ...","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.africa-press.net\/uganda\/all-news\/businesses-stuck-after-ura-halts-online-credit-notes","og_locale":"en_US","og_type":"article","og_title":"Businesses stuck after URA halts \u00a0online credit notes","og_description":"Businesses are struggling to reconcile their transactions after Uganda Revenue Authority (URA) suspended issuance of cre ...","og_url":"https:\/\/www.africa-press.net\/uganda\/all-news\/businesses-stuck-after-ura-halts-online-credit-notes","og_site_name":"Uganda","article_publisher":"https:\/\/www.facebook.com\/AfricaPressTunisiaa","article_published_time":"2021-12-23T14:38:28+00:00","og_image":[{"width":1200,"height":800,"url":"https:\/\/static.africa-press.net\/uganda\/sites\/34\/2021\/12\/img-61c4861899b55.jpg","type":"image\/jpeg"}],"author":"cfeditoren","twitter_card":"summary_large_image","twitter_misc":{"Written by":"cfeditoren","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.africa-press.net\/uganda\/all-news\/businesses-stuck-after-ura-halts-online-credit-notes#article","isPartOf":{"@id":"https:\/\/www.africa-press.net\/uganda\/all-news\/businesses-stuck-after-ura-halts-online-credit-notes"},"author":{"name":"cfeditoren","@id":"https:\/\/www.africa-press.net\/uganda\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb"},"headline":"Businesses stuck after URA halts \u00a0online credit notes","datePublished":"2021-12-23T14:38:28+00:00","mainEntityOfPage":{"@id":"https:\/\/www.africa-press.net\/uganda\/all-news\/businesses-stuck-after-ura-halts-online-credit-notes"},"wordCount":357,"commentCount":0,"image":{"@id":"https:\/\/www.africa-press.net\/uganda\/all-news\/businesses-stuck-after-ura-halts-online-credit-notes#primaryimage"},"thumbnailUrl":"https:\/\/static.africa-press.net\/uganda\/sites\/34\/2021\/12\/img-61c4861899b55.jpg","keywords":["Africa Press","Africa Press-Uganda","uganda"],"articleSection":["all news","economy","homepage-english"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.africa-press.net\/uganda\/all-news\/businesses-stuck-after-ura-halts-online-credit-notes#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.africa-press.net\/uganda\/all-news\/businesses-stuck-after-ura-halts-online-credit-notes","url":"https:\/\/www.africa-press.net\/uganda\/all-news\/businesses-stuck-after-ura-halts-online-credit-notes","name":"Businesses stuck after URA halts \u00a0online credit notes - Uganda","isPartOf":{"@id":"https:\/\/www.africa-press.net\/uganda\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.africa-press.net\/uganda\/all-news\/businesses-stuck-after-ura-halts-online-credit-notes#primaryimage"},"image":{"@id":"https:\/\/www.africa-press.net\/uganda\/all-news\/businesses-stuck-after-ura-halts-online-credit-notes#primaryimage"},"thumbnailUrl":"https:\/\/static.africa-press.net\/uganda\/sites\/34\/2021\/12\/img-61c4861899b55.jpg","datePublished":"2021-12-23T14:38:28+00:00","author":{"@id":"https:\/\/www.africa-press.net\/uganda\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb"},"description":"Businesses are struggling to reconcile their transactions after Uganda Revenue Authority (URA) suspended issuance of cre ...","breadcrumb":{"@id":"https:\/\/www.africa-press.net\/uganda\/all-news\/businesses-stuck-after-ura-halts-online-credit-notes#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.africa-press.net\/uganda\/all-news\/businesses-stuck-after-ura-halts-online-credit-notes"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.africa-press.net\/uganda\/all-news\/businesses-stuck-after-ura-halts-online-credit-notes#primaryimage","url":"https:\/\/static.africa-press.net\/uganda\/sites\/34\/2021\/12\/img-61c4861899b55.jpg","contentUrl":"https:\/\/static.africa-press.net\/uganda\/sites\/34\/2021\/12\/img-61c4861899b55.jpg","width":1200,"height":800,"caption":"Businesses stuck after URA halts \u00a0online credit notes"},{"@type":"BreadcrumbList","@id":"https:\/\/www.africa-press.net\/uganda\/all-news\/businesses-stuck-after-ura-halts-online-credit-notes#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.africa-press.net\/uganda\/"},{"@type":"ListItem","position":2,"name":"Businesses stuck after URA halts \u00a0online credit notes"}]},{"@type":"WebSite","@id":"https:\/\/www.africa-press.net\/uganda\/#website","url":"https:\/\/www.africa-press.net\/uganda\/","name":"Uganda","description":"Just another Africa News Agency Sites site","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.africa-press.net\/uganda\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.africa-press.net\/uganda\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb","name":"cfeditoren","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.africa-press.net\/uganda\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g","caption":"cfeditoren"}}]}},"_links":{"self":[{"href":"https:\/\/www.africa-press.net\/uganda\/wp-json\/wp\/v2\/posts\/23454","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.africa-press.net\/uganda\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.africa-press.net\/uganda\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/uganda\/wp-json\/wp\/v2\/users\/84"}],"replies":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/uganda\/wp-json\/wp\/v2\/comments?post=23454"}],"version-history":[{"count":0,"href":"https:\/\/www.africa-press.net\/uganda\/wp-json\/wp\/v2\/posts\/23454\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/uganda\/wp-json\/wp\/v2\/media\/23453"}],"wp:attachment":[{"href":"https:\/\/www.africa-press.net\/uganda\/wp-json\/wp\/v2\/media?parent=23454"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.africa-press.net\/uganda\/wp-json\/wp\/v2\/categories?post=23454"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.africa-press.net\/uganda\/wp-json\/wp\/v2\/tags?post=23454"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}