ads. Buy-Import-Export Premium Grade UGANDA VANILLA BEANS Buy-Import-Export Un-Refined Raw SHEA BUTTER
by NAMUNOGA JOY
Question: HOW DOES THE UGANDA REVENUE AUTHORITY GOVERN TAXES?
The Uganda Revenue Authority is the central body mandated to assess, collect specified tax revenue, administer and enforce laws relating to such revenue. This statutory body conducts regular audits and investigations of taxpayers.
Uganda Revenue Authority is mandated to govern taxes in Uganda. The Uganda Tax System is governed within Five (5) major Elements listed below:
(1) Corporate and personal income tax,
(2) Value added tax (VAT) on goods and services,
(3) Customs and excise duties,
(4) And stamp duty.
(5) There are also a number of statutory levies and social security payments.
Taxes are collected by self-assessment and by withholding tax on payments to residents and non-residents. An employer is obliged to withhold and account for income tax on his/her employee remuneration and benefits (the PAYE system).
Tax payers are charged with penalties and interest for non-compliance and late payment of taxes in Uganda.
Click here to post comments
Return to Frequently Asked Questions about Uganda Taxes & News.
Haven't yet found what you Want...?
If you haven't yet found what you were looking for or you need detailed information about the subject matter on this page
feel free to ask our business travel consultants.