Tax Amnesty

Uganda’s 2024/2025 Tax Amnesty Opportunity

Uganda has introduced a tax amnesty program for the 2024/2025 financial year, offering relief to taxpayers with outstanding tax liabilities. The program allows businesses and individuals to settle principal tax amounts without penalties and interest.

The Uganda Revenue Authority (URA) aims to boost compliance by waiving penalties for those who pay their principal tax liabilities by December 31, 2024. This initiative is expected to help businesses regain financial stability and strengthen Uganda’s revenue collection efforts.

Who Benefits from the Amnesty?

Taxpayers with accumulated interest and penalties due to late payments or mismanagement can benefit. This includes businesses struggling to meet tax obligations and individuals with pending tax dues.

Key benefits include:

• Financial relief by eliminating penalties and interest
• Avoiding legal consequences related to overdue taxes
• Rebuilding trust with the URA and ensuring future compliance

Key Considerations

To qualify for the amnesty, taxpayers must:

• Pay outstanding principal tax amounts before the December 31 deadline
• Accurately declare their tax liabilities
• Plan finances to meet compliance obligations

The URA has committed to enforcing compliance while ensuring taxpayers have the necessary support to regularize their affairs.

For more details, visit the full article on The Observer.