Uganda Revenue Authority (URA) has canceled VAT registration of 1,551 taxpayers.
The cancellation took effect on 28th of February 2019.
URA says the cancellation has been made in accordance with section 9 of the Value Added Tax Act (VAT) CAP 349 as amended.
“The 1,551taxpayers have been relieved of the duty to charge VAT on their supplies,” URA says in a statement.
It adds: “Accordingly, any input VAT charged illegally on supplies made by the deregistered taxpayers on or after 1st March 2019 will not be allowed.”
The taxman says VAT deregistration is a continuous exercise and this will mainly impact taxpayers who do not file returns, taxpayers who persistently file Nil returns and taxpayers whose turnover falls below the VAT registration threshold and are not fit and proper to be on the register rin line with the VAT Act.
Doris Akol (in featured photo), the URA Commissioner General and her team are expected to collect tax revenue amounting to Shs16.3 trillion in 2018/19 Financial Year.