By Our Writer
“We recently concluded financial year 2018/2019 and this note is to say thank you for your compliance and continued support in meeting your tax obligations.” The tax local body announced Monday in a presser their that it had exceeded their target of revenue income for the financial year 2018/19 collecting Shs16,617.65bn of the projected Shs16,358.76 bn.
The tax collector attributed the 15% leap to the tax compliance of several businesses and individuals and among others to appreciate for the revenue incomes was Business guru Sudhir Ruparelia whose Meera investments tops the list of 25 non-individual taxpayers in the tax compliance competition according to how the company filled its returns the previous financial year.
Meera Investments – the leading property developer in Uganda owned by the Ruparelia Group topped the non-individual list while Alnasir Hussein Habib filled as the second most complaint taxpayer in the top individual rental taxpayers category.
Meera investments ware houses that generates revenue
Meera Investments has since 1994 been in the business of building and maintaining commercial, residential properties as well as several warehouses in Uganda and beyond. Over the past year, through compliance and combined efforts, URA mobilized and collected UGX 16,958.11/= Billion and saw revenue grow by 15% in comparison to last financial year.
This translates to an increase of UGX 2,298.35 billion shillings that has been added to the national treasury over the last year. Uganda Revenue Authority, is proud that they have lifted the country’s tax to GDP ratio progressively from 12.8% in 2014/15 to 15.1% in the just concluded financial year. The Tax body is therefore firmly on course to realizing the NDPII target of 16% by financial year 2019/2020.
Meera investoments buildings for office rental and business in kampala city
“We appreciate the cooperation and productive networks we have built with our key strategic partners that have enabled us progressively widen our reach and impact. We appreciate the enthusiasm with which our taxpayer and tax education programs in the schools, universities, business communities and in all the regions have been attended.”
“This motivates us to continue focusing energies and resources on providing information and support to not only improve compliance but also to grow and strengthen a taxpaying culture among existing and future taxpayers.
We also applaud the banks and other tax payment channel providers that worked extra hours to enable our mutual clients comply within statutory deadlines.” “In this financial year 2019/20, we will collectively mobilize and contribute UGX 20,344.13Billion to the national coffers. While the task ahead of us is monumental, it is not insurmountable because the economic fabric to generate this revenue exists.”
“In addition to continually focusing on our current compliance improvement initiatives for individual income tax, rental income tax, local excise duty and VAT, our further focus will be in utilization of business intelligence, various system interfaces, forensic and science based interventions and third party information sources to identify eligible but hitherto non-compliant taxpayers.” On the international trade front, URA will continue efforts focused on deploying technological applications to secure thier borders while facilitating trade at the lowest cost and minimal time.
The revenue mobilization effort and contribution to national treasury by those who are engaged in profitable economic activity is key in supporting Government’s expenditure programs and priorities. According to URA, it is incumbent upon every one to be compliant with our tax obligations for this to happen and urged taxpayers to continue playing thier role diligently by complying with the taxes on time and in the right amount.
“We thank you for your business and we are available on our various channels and platforms to both support and when necessary, enforce your compliance, as we continue to Develop Uganda Together!” reads URA’s boss Doris Akol’s statement.
The Lists; Non-Individual Rental Income Taxpayers
1.Meera Investment Limited
2.Golf Course Group Limited
3.BIDCO Uganda Limited
4.British American Tobacco Uganda
5.The Jubilee Investments Company
7.Capital Shoppers Limited
8.Megha Industries (U) Ltd
9.Mukwano Industries (U) Ltd
10.KIBAO Investment Co Ltd
11.TPS (Uganda) Limited
12.Uganda Development Bank Ltd
13.Tembo Steels (U) Ltd
14.International Holdings Uganda Limited
15.Imperial Group of Hotels Limited
16.UAP Oldmutual Insurance Uganda Limited
17.Shoprite Checkers Uganda Limited
18.Jesani Construction Limited
19.Multiple I.C.D Limited
21.JMP Investments Limited
22.MULCO Textile Limited
23.Ministry of Energy and Mineral Development
24.NADIMS Limited Individual
Individual rental Income taxpayers:
1.Mr. Alnasir Virani Gulam Hussein Habib
2.Dr. Sudhir Ruparelia
3.Mr. Mohammed Hussein
4.Mr. Virani Amin
5.Ms. Nakayima Janat
6.Mr. Karia Pradip
7.Mr. Nipun Bhatia
8.Mr. Karia Minex
9.Mr. Lubega Charles
10.Mr. Kassim Moyez
11.Mr. Karia Kunnal
12.Mr. Abdul Hamid Mohamad Karim Hirji
13.Ms. Virani Aisha
14.Mr. Aziz Damani Abduhamid Hirji
15.Ms. Karia Rita
16.Ms. Karugaba Alice
17.Mr. Hudani Alykhan
18.Ms. Sophy Nantongo
19.Mr. Mpoza Eron
20.Mr. Tumwesigye Mustapha
21.Ms Thakrar Nita
22.Mr. Musisi Fredrick
23.Mr. Muwonge John
24.Mr. Karan Dayaiji
25.Mr. Kirumira Godfrey