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Uganda Focuses On Informal Sector Tax Compliance

by Lorys Charalambous, Tax-News.com, Cyprus

07 October 2015


The Uganda Revenue Authority (URA) has confirmed that it will concentrate in the near future on improving tax compliance in the country's informal sector.

The informal sector is said to constitute 52.4 percent of Uganda's gross domestic product, and employ 70-80 percent of its labor force.

To support its plan to improve compliance, the URA has announced a requirement for taxpayers to obtain Tax Identification Numbers (TINs) as a precondition to accessing certain official services and licenses.

To popularize and facilitate voluntary registration for TINs, the URA is to hold a nationwide campaign targeting various local businesses within the informal sector, such as wholesale/retail businesses, professional services, restaurants/bars, and garages/motor vehicle repairers.

This year, the Government has also introduced a flat rate of presumptive tax for small businesses with a gross turnover of up to UGX150m (USD40,600), increased from UGX50m. Under the tax, firms do not have to file returns to the URA.

TAGS: individuals | compliance | tax | small business | business | value added tax (VAT) | tax compliance | tax authority | professionals | Uganda | tax breaks | retail | services | Tax

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