Tax relief announcement for Ugandan taxpayers

IMPORTANT TAX UPDATE
19.06.2023
Category : Business echos Country : Uganda

IMPORTANT TAX UPDATE

Any outstanding tax interest and penalty as of June 30, 2023 will be waived for all taxpayers who have paid the associated principal tax on or before December 31, 2023. The amount of interest waived will be proportional to the percentage of principal tax paid.

To take advantage of this tax relief, we recommend that taxpayers:

  1. Review their tax ledgers to understand the principle and tax amounts owed
  2. Depending on cashflows, apply for a payment plans
  3. Approach the URA or your Tax Consultant for guidance on the best approach

Remember, timely action is crucial! Act before the end of December 2023 to benefit from this tax relief opportunity.