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Fintechs in Shs66.6b daily losses as govt shuts internet

Daily Monitor
Friday January 15 2021
Close to Shs66.6b, which is transacted through Fintechs on a daily basis, is now locked up due to a shutdown of the Internet. PHOTO | FILE
Summary
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Financial Technology companies also known as Fintechs have said they expect to lose at least Shs66.6b on a daily basis after government shut down the Internet on Wednesday.
The loss is expected to affect a wide range of Fintech operations, many of which support financial transactions, spreading to banks, telecoms (mobile money) and insurance companies.
Finetech provide an enabling system for financial service providers through which they move money. ....

Peter Kawumi , Ramathan Ggoobi , Ian Rumanyika , Wilbrode Owor , Vianney Luggya , John Gemin , Stephen Kaboyo , Makerere University Business School , Entebbe International Airport , Uganda Revenue Authority , Service Providers Association , Financial Technology , Uganda Bankers Association , Internet Service Providers , Civil Aviation Authority , Daily Monitor , Real Time Gross Transfers , Electronic File Transfers , Agent Banking , Automated Teller Machines , Alpha Capital , உகந்த வருவாய் அதிகாரம் , சேவை வழங்குநர்கள் சங்கம் , நிதி தொழில்நுட்பம் , உகந்த வங்கியாளர்கள் சங்கம் , இணையதளம் சேவை வழங்குநர்கள் ,

Fintechs in Shs666b daily losses as govt shuts internet

More than 300 million transactions, which are estimated to be worth Shs666b, are conducted through the Fintechs system on a daily basis ....

Peter Kawumi , Ramathan Ggoobi , Ian Rumanyika , Wilbrode Owor , Vianney Luggya , John Gemin , Stephen Kaboyo , Makerere University Business School , Entebbe International Airport , Uganda Revenue Authority , Service Providers Association , Financial Technology , Uganda Bankers Association , Internet Service Providers , Civil Aviation Authority , Daily Monitor , Real Time Gross Transfers , Electronic File Transfers , Agent Banking , Automated Teller Machines , Alpha Capital , உகந்த வருவாய் அதிகாரம் , சேவை வழங்குநர்கள் சங்கம் , நிதி தொழில்நுட்பம் , உகந்த வங்கியாளர்கள் சங்கம் , இணையதளம் சேவை வழங்குநர்கள் ,

Uganda: Ura Rejects Call to Extend E-Receipts January Deadline

Uganda: Ura Rejects Call to Extend E-Receipts January Deadline
allafrica.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from allafrica.com Daily Mail and Mail on Sunday newspapers.

Ian Rumanyika , John Rujoki Musinguzi , Simon Kaheru , Uganda Revenue Authority , Uganda Manufacturers Association , Electronic Fiscal Receipting , General John Rujoki Musinguzi , Invoicing System , Tuesday Mr Simon Kaheru , Domestic Revenue Mobilisation Strategy , உகந்த வருவாய் அதிகாரம் , உகந்த உற்பத்தியாளர்கள் சங்கம் , விலைப்பட்டியல் அமைப்பு , உள்நாட்டு வருவாய் அணிதிரட்டல் மூலோபாயம் ,

URA rejects call to  extend e-receipts January deadline

URA rejects call to extend e-receipts January deadline
Thursday December 17 2020
Summary
The first phase which, according to URA, would seek full enforcemenet by October 1, was extended after some manufacturers and taxpayers experienced challenges in integrating their systems while others were not able to fly in their technical teams to support the integration due to the lockdown.
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Uganda Revenue Authority (URA) has rejected a proposal in which manufacturers had asked the tax agency to extend the deadline for implementation of the Electronic Fiscal Receipting and Invoicing System.
In a letter dated December 7, URA Commissioner General John Rujoki Musinguzi, notified manufacturers they would implement the Electronic Fiscal Receipting and Invoicing System effective January 1, 2021, warning manufacturers who would not have put in place supporting infrastructure of dire consequences. ....

Ian Rumanyika , John Rujoki Musinguzi , Dorothy Nakaweesi , Simon Kaheru , Uganda Revenue Authority , Uganda Manufacturers Association , Revenue Authority , Electronic Fiscal Receipting , General John Rujoki Musinguzi , Invoicing System , Tuesday Mr Simon Kaheru , Domestic Revenue Mobilisation Strategy , உகந்த வருவாய் அதிகாரம் , உகந்த உற்பத்தியாளர்கள் சங்கம் , வருவாய் அதிகாரம் , விலைப்பட்டியல் அமைப்பு , உள்நாட்டு வருவாய் அணிதிரட்டல் மூலோபாயம் ,