About 15 days left for this financial year to end as per Uganda Revenue Authority deadline.
The business advise was delivered to tax payers at the post budget conference held on Kampala under the theme: Sustainable Industrialization for inclusive Growth and wealth creation.
According to UMA Director Birungi, joint business advisory message seeks to guide businesses to streamline their tax matters as a safeguard against tax fines that result from tax non-compliance.
“All manufacturers should comply with the requirement to file returns before the 30th June deadline. 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, ”he said.
Birungi however assured the tax body that they are committed to ensure they revive the economy despite covid challenges.
“UMA teams are on hand to supplement the work of the URA in supporting struggling members to get their tax affairs in order and to ensure that all manufacturers submit their returns in time, ”Birungi said.
KACITA, Everest Kayondo said in the same spirit urged fellow business community to file their tax returns.
“If you are a registered taxpayer and obliged to file your returns, file your returns in time and pay. This will help you avoid any penalties which could occur just in case you do not file at all. Even if you do not make money, you have to file your returns and let URA know that you didn’t make any profits perhaps because of COVID-19. Only make sure that your filing is on record and that it is timely so that you do not incur unnecessary expenditures, “Kayondo said.
30th June 2021 is the deadline for filing and paying Income Tax and failure results in penalties and interest. In this message, URA and its partners seek to enable businesses by facilitating them to mitigate the risk of these penalties and interest.
However URA Commissioner General, John Rujoki Musinguzi committed that, “URA officers in all stations across the country are ready to support the public in meeting this crucial deadline.
” In observance of the SOPs for the COVID-19 Pandemic, we encourage our taxpayers to utilize the online services to file returns and make payments via www.ura.go.ug. For inquiries reach us by email at; [email protected] or our Toll-free lines 0800117000 and 0800217000, now available Monday to Friday, from 7 am to 11 pm and on Saturdays from 7 am to 3 pm, ”
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