Stanbic Bank Uganda has announced loan holiday packages for business and personal clients affected by the COVID-19 global pandemic. Stanbic Bank Uganda’s Chief Executive Anne Juuko said, “We understand that the situation has placed challenges in your day to day lives, disrupted livelihoods and your business operations. This is why we are providing relief measures to support you in the best way we can.” She added, “For our corporate clients, we are engaging them to understand their needs and find the appropriate solutions to ensure their business sustainability. In addition, our SME customers whose incomes have been impacted as a…
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In a bid to ease COVID-19 related pressures on taxpayers, Uganda Revenue Authority has announced, it will allow various amnesties, extensions for filing tax returns and penalties. In the announcement made today, March 24th, 2020 taxpayers whose accounting date is in September and were due to file their Corporation Tax returns by 31st March 2020 but are unable to, have been granted a two (2) months reprieve. The new date for filing is May 31st, 2020. All penalties related to late submission of these returns shall be canceled if the returns are filed on or before 31st May 2020. In…
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