By Benjamin Jumbe
With the end of the 2020/21 Financial Year fast approaching, Ugandan business people are urged to file returns and pay their taxes before the June 30th deadline.
Failure results in penalties and as such, Uganda Revenue Authority and its partners are seeking to enable businesses by facilitating them to mitigate the risk of these penalties.
In a joint business advisory, the Uganda Manufacturers Association Executive Director Daniel Birungi and Kampala City Traders’ Association chairperson Everest Kayondo have offered guidance to businesses to streamline their tax matters as a safeguard against fines that result from tax non-compliance.
According to Birungi, tax compliance is not only good for the economy and vital for keeping the wheels of government turning, but also ensures that companies do not suffer undue interruptions to their operations occasioned by sanctions for non-compliance
Meanwhile, the URA Commissioner General John Rukoji Musinguzi has given assurance to the business community that the authority’s officers in all stations across the country are ready to support them in meeting this crucial deadline.
And in observance of the Covid-19 SOPs, taxpayers are encouraged to use the online services to file their returns and make payments.