L-R: Issa Sekitto, Thadeus Musoke Nagendaand URA’s Ibrahim Bbossa
Traders under their umbrella organization, the Kampala City Traders Association (KACITA) have hailed Uganda Revenue Authority (URA) for choosing to engage them before enforcing tax laws or closing their businesses.
This vote of appreciation was made by Issa Sekitto, the Spokesperson of KACITA, during a joint press conference with URA to prepare KACITA members for the financial year 2023/24 in relation to business progress and tax compliance.
Sekitto disclosed that several businesses that had been crippled by adverse tax policies have now been revamped due to various engagements between URA and KACITA.
“Some of you traders may not be aware of this, but many businesses that had been closed because of not fulfilling their tax obligations are now open. The URA of today has chosen to feed its ‘cow’. That is facilitating business rather than slaughtering it,” he emphasized.
On his part, Thadeus Musoke Nagenda, the KACITA Chairman, noted that times have changed and require more dialogue than strikes.
He said that through its strong partnership with URA, KACITA has recently entered into a Memorandum of Understanding (MoU) with the tax body to easily address traders’ concerns and establish a special taxation desk at the KACITA secretariat to assist members who may not be able to approach URA directly.
Additionally, sectoral engagements have been launched, weekly sessions for traders to enhance their tax literacy are conducted and traders are assisted with filing their tax returns which has reduced tax discrepancies and delays.
“We are committed to providing ongoing education and awareness programs to help our members better understand and fulfill their tax obligations. We also encourage the business community to embrace timely return filing and compliance to avoid accrued interest and penalties,” he said.
Ibrahim Kibuuka Bbossa, the Assistant Commissioner for Public and Corporate Affairs at URA, lauded KACITA for continuously engaging URA on traders’ concerns, citing a renewed relationship.
“Through this strong partnership, KACITA Uganda advocated for an extra revenue coordinating offices in the city centre. We duly responded by establishing a fully functional office at Kampala Boulevard where all tax related matters within the CBD are easily handled,” Bbossa said.
He asked traders to utilize the self-assessment regime, where a taxpayer is in charge of their business.
“We have a self-assessment regime; it is you who knows how your business is working; your capital, expenses, and profits made. Everyone in business has an obligation to file and pay taxes due. A default assessment is only given when you fail to file your return,” he said.
