REMINDER TO SUBMIT INCOME TAX RETURNS AND PAY OUTSTANDING TAXES

REMINDER TO SUBMIT INCOME TAX RETURNS AND PAY OUTSTANDING TAXES

The Uganda Revenue Authority (URA) reminds all taxpayers whose returns are due by 30th June 2024 to file and settle any outstanding tax liabilities by Friday 28th June 2024.Failure to comply may result in penalties and interest.

Obligations under the Income Tax Act:

The following income tax obligations are due by 30th June 2024:

  • Filing final income tax return and payment of final income tax by an individual and a non-individual whose accounting date is 31st December 2023;
  • Filing provisional income tax return by a non-individual whose accounting date is 31st December 2024;
  • Filing provisional income tax return by an individual whose accounting date is 31st March 2025.

Payment of provisional income tax by an individual:

o      1st instalment if your accounting date is 31st March;

o      2nd instalment if your accounting date is 31st December;

o      3rd instalment if your accounting date is 30th September;

o      4th instalment if your accounting date is 30th June.

Payment of provisional income tax by a non-individual:

  • 1st instalment if your accounting date is 31st December;
  • 2nd instalment if your accounting date is 30th

All taxpayers are advised to settle their tax liabilities due by 30th June 2024 on or before Friday 28th June 2024. Taxpayers with outstanding liabilities are also reminded to pay to avoid further accumulation of interest.

Kindly note that Rental Tax is registered and paid separately.

Please disregard this reminder if you have already complied.

First date of publication: Wednesday June 19, 2024.

Developing Uganda Together

MANAGEMENT

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