URA Grants Extension on Tax Paying Deadlines

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Uganda Revenue Authority has given companies more time to file their tax returns as businesses battle the impact of coronavirus that has seen several shut doors and send staff home.

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 penalties for late submission will not apply or will be refunded if the companies are able to submit on or before May 31, 2020, URA said in a statement.

Some nine cases of COVID-19 have been confirmed in Uganda and the government has advised that people work from home.

President Yoweri Museveni has advised against non-essential movements.

Less movement means people are not consuming such things as fuel and fast-moving products where indirect taxes are levied.

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