Barclays Bank and Uganda Revenue Authority have partnered to launch ePay, an online tax payment platform, designed to save you time by making it easy to pay your taxes online. The project is a joint venture in which tax payers will conveniently comply with tax obligations and also pay for taxes with ease.
Taxpayers with VISA, MasterCard, Maestro or American Express cards shall be in position to pay for tax and non-tax services in a faster, safer, easier and convenient manner. Barclays is the third bank to partner with URA on an online tax payment solution, with the first being Orient Bank, followed by Stanbic Bank.
The online tax payment platform is expected to garner successful revenue collection for the taxing body because, during the testing phase alone, over shs. 80m was collected.
To pay, you have to go to the URA online portal, and ask for Payment Registration Number. A payment is completed by inputing either of VISA, MasterCard, Maestro or American Express card details, and the bank is expected to debit the card, process and post payment into your URA account. URA will then be notified about the payment.
The online tax payment solution offers:
- Reduced cost of doing business
Doris Akol, Uganda Revenue Authority (URA) Commissioner General, said that this system will provide a quick and accurate tax payment solution while increasing safety, since tax payers don’t have to move around with huge sums of cash. All one needs is a secure internet connection and they are good to go.
She added that online tax solutions are part of the deliberate effort to reduce informality, which characterizes transactions. She urges people to adopt online tax payments to reduce costs of doing business.
“I’d like to implore our clients and the general public to use these innovations not only to clear their taxes but to propel the country into a cashless middle income economy as we develop Uganda Together”Advertisement - Continue reading below
Mr Rakesh Jha, Barclays Uganda M.D, noted that the product is designed to address the deadline constraints that come with paying taxes. He emphasized the importance of partnerships, saying that working with URA would be beneficial to the two institutions and ease tax compliance.