What is Electronic Fiscal Device? (EFD)
Electronic Fiscal Device (EFD) means a machine designed for use in business for efficient management controls in areas of sales analysis and stock control system and which conforms to the requirements specified by the laws.
Types of Electronic Fiscal Devices (EFDs)
Electronic Tax Register (ETR)
The device is used by retail business that issue receipts manually.
Electronic Fiscal Printer (EFP)
The device is used by computerized retail outlets. It is connected to a computer network and stores every sale transactions or details made in its fiscal memory.
Electronic Signature Device (ESD)
The device is designed to authenticate by signing any personal computer (PC) produced financial document such as tax invoice. The device uses a special computer program to generate a unique number (Signature) which is appended to and printed to every invoice issued by the user’s system.
You are obliged to issue receipt or invoice on each sale and notify any changes/malfunctioning of the machinery to Commissioner within 24 hours. The supplier of the machine will install, configure and attend the malfunctioning of the machine within 48 hours
EFD SECOND PHASE
Implementation of the second phase of Electronic Fiscal Devise (EFD) begun since year 2013, with the aim to expand the number of traders who shall use the EFD system to issue receipts or tax invoice in every transaction made. The second phase includes non VAT registered traders is administered under The Income Tax Act, through the Income Tax (Electronic Fiscal Devices) Regulation, 2012.
Implementation of the second phase of EFD shall include the following groups;
i. Persons who are not VAT registered with a turnover ranging from TSHS 14 million and above per year;
ii. Traders trading in the Region’s prime areas, identified on the basis of rent payable;
iii. Traders dealing with selected business sectors such as Spare Parts, Hardware, Mini Supermarkets, Petrol stations, Mobile phone shops, Sub wholesale shops, Bar and Restaurants, Pharmaceutical Stores; Electronic Shops etc.
The system is ongoing and the Authority shall gradually be registering traders basing on traders business prosperity, experience and capacity