NSSF wins UGX43 billion tax case against Uganda Revenue Authority
NSSF Managing Director, Richard Byarugaba, said the ruling was significant for NSSF’s members, given that the value is equivalent to almost 3 or 4 percentage points of the amount that NSSF paid out last year in interest.
Commercial Court Judge, Justice Boniface Wamala has dismissed a UGX42.7 billion tax case against the National Social Security Fund (NSSF).
This followed NSSF’s appeal of a 27th March 2020 ruling by the Tax Appeals Tribunal (TAT) in favour of Uganda Revenue Authority (URA), Uganda’s tax-collecting agency.
The crux of the case dwelt on whether interest paid to NSSF members is taxable or no
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