“Our strategic mandate, as an organization, is to lead all efforts of mobilizing revenue that will fully fund government expenditure and national development. Over the years, our revenue collection has been growing and we thank God for this achievement. However, despite this growth, we are still unable, as a nation, to fully fund our national expenditure and the aspirations of the people of Uganda, Uganda Revenue Authority (URA) Commissioner General John Rujoki Musinguzi reiterates, adding that: “Currently, we are funding 47% of the national budget with a tax to GDP ratio of 13%, the lowest and below the average sub-Saharan…
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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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