Tax Procedures Code Act News Today

It is always prudent for each taxpayer to calculate their tax position and present it to URA as per the provisions of the law rather than wait for URA to have their own interpretation of their...

URA must adhere to established legal interpretations regarding penalties

Since August 2023, the tax ledger has been in turmoil, particularly during the transition from one software to another

The Uganda Revenue Authority war on tax fraud has finally landed Wakiso based Fujian Industries Park Limited Chinese bosses in hot soup. One of the directors, Dai Qi has been charged on three counts of making false declarations to a tax officer contrary to Section 58(1) (a) of the Tax Procedures Code Act, 2014. This was in respect to

In a bid to fight tax fraud, URA’s long arm has now caught up with Indian bosses at Hoima’s Kingstar General Hardware. Following intelligence reports about continuous issuance and selling of fictitious invoices to different companies by Sohil Kumar and Amarshibhai Andani, both directors of Kingstar General Hardware Limited, Hoima, they were arrested. Reports verified

By Our Reporter Three Indians who are directors of Wellex Hardware Limited led by Jigar Chandarana were convicted by the Anti-Corruption Court in Kololo for generating and selling fictitious invoices. They were convicted on 5 counts of making false statements to a tax officer contrary to Section 58(1) (a) of the Tax Procedures Code Act,

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Seek competent guidance from registered, approved tax agents Monday April 05 2021 Summary Given the ‘briefcase’ nature of their operations, such “tax agents” cannot be easily tracked by Uganda Revenue Authority (URA). Should falsifications emerge, the taxpayer is left in a maze of proving their business records while the agent remains at large. Advertisement Many taxpayers have fallen prey to dubious persons who masquerade as tax agents and purporting to be competent on tax matters. Gi...

Daily Monitor Sunday December 20 2020 Taxation is one of the most important aspects of one’s life, with Uganda Revenue Authority (URA) constantly improving its systems and the continuous use of technology in tax administration, its capacity to reach as many taxpayers across the country cannot be undermined.  However, there is need for an effective tax administration to strike a balance between tax collection and the rights of a taxpayer to pay only what is due from them in accordance with th...

Manufacturers have asked Uganda Revenue Authority (URA) to delay the implementation of the Electronic Fiscal Receipting and Invoicing System. The system, which is expected to be implemented effective January 1, 2021 seeks to streamline and manage the issuance of receipts and invoices for tax purposes.  It is supported under the Tax Procedures Code Act 2014, which demands that once a transaction is initiated using any of the solution components, details are transmitted to URA in real time.  In...