(3 Minutes Read)
Accounting glitches faced by taxpayers pose one of the biggest threats to the programme. Policy justification for the tax amnesty programme is anchored on the fallout brought by COVID-19 lockdowns in several sectors. That has left many businesses still struggling almost two years later.
Accounting hurdles and low impact on revenue collections are hampering Uganda’s tax amnesty programme now in its second year. This has led to limited uptake among taxpayers,
The country’s tax amnesty initially expired on December 31, 2023, but was pushed to December 31 this year after a strike by Kampala City traders over the implementation of the Electronic Fiscal Receipting and Invoicing System (EFRIS) for filing Value Added Tax (VAT) returns. Under the programme, those with outstanding tax bills can seek relief for a portion of their obligations.
Accounting glitches faced by taxpayers pose one of the biggest threats to the programme. The policy justification for the tax amnesty programme is anchored on the fallout brought by COVID-19 lockdowns in several sectors. That has left many businesses still struggling almost two years later.
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Around 1,000 businesses were forced to shut down during the lockdown while 600,000 jobs were lost in the Kampala City Metropolitan area during the first three months of Covid-19.
