KAMPALA – The Uganda Revenue Authority (URA) has announced more time for companies to file their tax returns as a coronavirus economic effect takes a toll on business. Several businesses have since closed shops while others have reportedly sent workers into forced leave.
In a public notice dated Wednesday, March 25, 2020, URA says companies, whose accounting year ends in September, and are unable to file corporation tax returns by March 31, 2020, will have a two-month extension to May 2020.
The taxman adds that the penalties for late submission will not apply or will be refunded if the companies are able to submit on or before May 31, 2020.
Taxpayers whose returns for March 2020 were due by April 15, will be allowed to submit by April 30, 2020. The tax body says those returns for February 2020 were due to March 15, 2020, can now do so by March 31.
On the taxpayers with Memorandum of Understanding to pay in installments and their payments were due in March and April can now defer and reschedule the payments.
“The terms of MoU will accordingly be restructured for payments to be resumed in May 2020,” URA says.
Uganda has nine cases of Coronavirus.
Health Minister Dr. Jane Ruth Aceng said all the nine cases are Ugandan nationals who travelled back from Dubai, UAE.
She said they have all been isolated as all the persons who came into contact with them are being traced.
“Dubai was not on the list of our high-risk countries. But what we are seeing now, we are not sure if what was reported was right,” said Aceng.
“All cases we are getting in Uganda are from Dubai. They either traveled on Emirates or Ethiopian Airlines. All cases are people coming in from Dubai,” she noted.
To date, the minister added, a total of 2,661 travelers including Ugandans identified as potential risk have been either under self-quarantine or institutional quarantine.
Of these, 1,356 are under follow up; 774 of these are under institutional quarantine while 582 are under self-quarantine.