Uganda Revenue Authority explains taxing property transfers

The Uganda Revenue Authority has collected 7000 million shillings from the resisted property transfers in the operation it effected in the last one month.

 

URA boss Allen Kagina

The commissioner General Uganda Revenue Authority Allen Kagina said that government has been losing a lot of revenue through uncollected tax on property transfers.

She said that all property transfers and motor vehicle registrations with the value of 50 million shillings and above would be subject to scrutiny for income tax.

 

She clarified that this measure is implemented to force income tax defaulters to pay.

Kagina said that this measure does not apply to salaried workers already paying OPAYE (Pay as you earn) as well as Ugandans abroad who send remittances back home.

Ultimate Media

 

 

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