Uganda Revenue Authority Releases 2021 Tax Evaders’ Shame List

The Uganda Revenue Authority has released a list it calls a shame list with names of people and organizations that are top tax evaders in Uganda. URA isn’t directing this list at only shaming the people on it, it also serves as a warning to them.

The public notice with the names of the tax defaulters warns of possible prosecution. Especially if listed taxpayers fail to pay what they owe. The tax prefect says the notice is a reminder to the defaulters to pay their outstanding liabilities within 7 days from the list’s publication date.

‘’Whoever will not clear their outstanding liabilities within the said period shall be enforced upon in accordance with the relevant tax laws,’’ the notice from URA reads in part.

The previous revenue collection account closed with a deficit of about shs3 trillion. This is equivalent to twice the allocation the government proposed for agro-industrialization in the 2021-2022 budget.

URA is determined now more than ever to beat its collection target of shs19.6 trillion reviewed downward from shs21.8 trillion. Through this, URA wants to avoid repeating last year’s revenue deficit brought about in part, by the Covid-19 pandemic

According to analysts though, the same attention that taxpayers on the shame list are getting should be given to perpetrators of illicit funds as well. Most of these are multinational companies bleeding the country’s economy.  They pay very little tax or nothing at all.

According to available studies, these companies operating in key economic sectors are getting away with conservative estimates of about shs2 trillion in unpaid taxes every year.

Despite URA’s innovations in paying tax, a small percentage of Ugandan’s pay tax. There is undertaxation of a number of commodities in Uganda due to slackness among tax officials and policymakers.

Check Also;

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• Civil Society Organizations Demand Tax Waiver On Sanitary Pads
• Government May Soon Tax Your Cash Withdrawals From Banks

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