URA tax amnest

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…