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Uganda Revenue Authority – URA says it will waive penalties for taxpayers who will come out to voluntarily declare the taxes that they were supposed to pay but didn’t pay it. The window for voluntary disclosure comes after an amendment of section 66 of the Tax Procedures Code Act, 2014. The amendment gives the URA commissioner general a discretion to ask taxpayers to voluntarily disclose and be forgiven on the penalties and interest on money they hadn’t paid. In a note to the general public, URA says the voluntary disclosure must be in writing and “must be accurate and highlighting…
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Taxpayers who will want to claim a tax refund from Uganda Revenue Authority – URA will not be allowed if they don’t implement the electronic invoice and receipt system. According to URA, taxpayers have three months up to September 30, 2020, to adjust their systems and start issuing e-invoices. From 1 October 2020, no taxpayer will claim a tax credit if they didn’t issue e-invoices in their trading. The program is implemented under the Electronic Fiscal Receipting and Invoicing Solutions (EFRIS). Presenting to auditors at PricewaterhouseCoopers (PWC) on Thursday, Hassan Wassajja, an official at URA, said the e-invoice helps…
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