Overview:
The tax amnesty program is expected to boost economic recovery and promote tax compliance among businesses.
The Uganda Revenue Authority (URA) has introduced a tax amnesty program to support businesses recovering from the economic impact of COVID-19. This initiative waives interest and penalties on outstanding principal taxes due by June 30, 2023, providing relief to businesses struggling to stay afloat.
According to URA, the tax amnesty applies to various domestic taxes, including corporation income tax, individual income tax, rental income tax, pay-as-you-earn, withholding tax, value-added tax, local excise duty, lotteries and gaming taxes, and stamp duty. To benefit from the waiver, taxpayers must pay their outstanding principal tax by December 31, 2024.
“This tax amnesty program demonstrates the government’s commitment to supporting businesses affected by the pandemic,” said URA in a statement. “We urge taxpayers to utilize this opportunity to settle their tax obligations and invest in their businesses.”
The tax amnesty program is expected to boost economic recovery and promote tax compliance among businesses. Taxpayers can check their outstanding balance on the URA web portal or visit the nearest Domestic Taxes office for assistance. For further information, contact URA’s toll-free numbers (0800117000 or 0800217000), email (services@ura.go.ug), or WhatsApp (0772140000).
The key benefits of the tax amnesty program include the waiver of interest and penalties on outstanding principal taxes due by June 30, 2023, providing relief to businesses struggling to recover from the economic impact of COVID-19. This initiative will also boost economic recovery and promote tax compliance among businesses. The payment process has been simplified, with automatic waiver application upon payment confirmation.