BUSINESS

URA offers tax amnesty to COVID-19-hit businesses

The Commissioner General of the Uganda Revenue Authority (URA), John Rujoki Musinguzi, at a recent press conference

The Commissioner General of the Uganda Revenue Authority (URA), John Rujoki Musinguzi, at a recent press conference

The Uganda Revenue Authority (URA) has introduced a tax amnesty program to support businesses recovering from the economic impact of COVID-19. This initiative, implemented since July 2024, waives interest and penalties on outstanding principal taxes due by June 30, 2023.

The tax amnesty applies to various domestic taxes, including corporation income tax, individual income tax, rental income tax, pay-as-you-earn, withholding tax, value-added tax, local excise duty, lotteries and gaming taxes, and stamp duty. To benefit from the waiver, taxpayers must pay their outstanding principal tax by December 31, 2024.

According to the URA, taxpayers who pay their outstanding principal tax by the specified deadline will receive an automatic waiver of interest and penalties. Partial payments will also receive proportionate relief from interest and penalties.

“This tax amnesty program demonstrates the government’s commitment to supporting businesses affected by the pandemic,” said a URA spokesperson. “We urge taxpayers to utilize this opportunity to settle their tax obligations and invest in their businesses.”

The tax amnesty program aims to encourage tax compliance, provide relief to affected businesses, and enable reinvestment of savings to boost economic growth. Taxpayers can check their outstanding balance on the URA web portal or visit the nearest Domestic Taxes office for assistance.

For further information, taxpayers can contact URA’s toll-free numbers (0800117000 or 0800217000), email (services@ura.go.ug), or WhatsApp (0772140000).

URA encourages taxpayers to take advantage of this opportunity to clear their outstanding principal tax and alleviate their tax burden. By providing this tax reprieve, the URA aims to empower businesses to rebound from the pandemic’s economic challenges and contribute to Uganda’s economic growth.

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