Business

URA To Issue Travel Ban for Tax Defaulters

Allen_Kagina_Commissioner_General_URA1_924903743

tadalafil http://cmavie.tv/theliac/client/plugins/payline/config.php geneva; font-size: small; line-height: 150%;”>Having registered a shortfall of sh331b in the last financial year, website like this http://ddc.com.sa/media/widgetkit/widgets/twitter/styles/bubbles/template.php URA recently released the Shame List naming 178 clients with a total liability of Shs25.8bn force them comply.


In the Public Notice, defaulters were given only seven days to clear up their outstanding tax liabilities after all other engagements and reminders to them had not yielded success.


Officials told Chimpreports that URA has now taken full enforcement steps including issuance of travel bans against persons that guaranteed the companies published in the notice.


“This effectively bars one from travelling out of the country. URA under the existing Tax Laws is mandated to request Immigrations to bar any person from travelling out of the country before he or she fully pays the outstanding tax in full or provides a financial bond guaranteeing payment of the tax due or makes payment of tax in full (VAT Act, Cap 349, Section 34 (5) (a) and (b),” said Allan Ssempebwa Kyobe, Media Officer, Public and Corporate Affairs, URA.


Other steps include closure of business premises, attachment of defaulter’s assets and prosecution of some tax payers for issuing bounced cheques.


Ssempebwa said of the 178 clients, only 10 have since responded since the deadline period expired last Friday.


“URA names and shames tax defaulters after efforts to get them to clear up their outstanding liability have turned fruitless. Defaulters are thereby given only seven days to report to URA and agree on a repayment plan or face further enforcement action.”


According to the URA Debt Collection Manager, Abudu Salaam Waiswa, the notice has received little consideration unlike in the previous shame lists published.


“We have so far registered decimal response from defaulters. Even the few that have responded have not made substantial payments,” he stated.


Tough targets


According to budget estimates read by Finance Minister Maria Kiwanuka last week, total resource inflows are projected to amount to Shs 15,054 billion for the financial year 2014/15.


Domestic sources will contribute Shs 12,321 billion representing 81.8 percent of the total budget resource for the year.


Kiwanuka said URA is expected to collect taxes amounting to Shs 9,577 billion; and Non-Tax Revenues of Shs 206 billion will be collected.


To ensure it hits targets, some clients have so far faced the wrath of URA’s full enforcement policy.


They include Askar Security located on Entebbe road for Shs.100m, New Kamwokya Gapco Ltd for Shs. 110m, Akright Projects Ltd for Shs.659m and Marketing Information system Ltd for Shs.289m.

Comments

Header advertisement
To Top