After successfully rolling out of the first and second phases of the electronic tax stamps (ETS) management system on excisable products, the Tanzania Revenue Authority (TRA) says it is ready to offer its experience with Uganda Revenue Authority (URA). The TRA's Acting Director for Taxpayer Services and Education, Mr. Richard Kayombo, made the pledge recently after attending the African Tax Administration Forum which was graced by Ugandan President Yoweri Museveni in Kampala. Speaking during the forum, President Museveni backed the implementation of digital stamps. Uganda introduced the technology on November 1, this year, joining Tanzania and Kenya among the six-member states of the East African Community (EAC) which switched paper to digital imprints. The Ugandan leader told participants who were drawn from across the African continent that implementation of the electronic system is crucial to monitor and trace production lines of manufacturing companies and hence curb counterfeits and cheating of taxes. The electronic stamps enable tax collection authorities to monitor in real-time production lines at manufacturing facilities and eventually compute requisite taxes to be paid to the government. "There have been many cases of tax evasion in terms of numbers and value of goods manufactured in Uganda. The digital stamps will address these issues," President Museveni told delegates at the forum. Digital Tax Stamps have enhanced technology to allow revenue agencies to monitor in real-time the production capacity of manufacturers and also allow consumers to cross-check if products are genuine. --- Support this podcast: https://anchor.fm/newscast-africa/support