REMINDER TO SUBMIT INCOME TAX RETURNS AND PAY OUTSTANDING TAXES

The Uganda Revenue Authority (URA) reminds all taxpayers whose returns are due by 30^th June 2024 to file and settle any outstanding tax liabilities by Friday 28^th 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 30^th June 2024:

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

Payment of provisional income tax by an individual:

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

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

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

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

Payment of provisional income tax by a non-individual:

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

All taxpayers are advised to settle their tax liabilities due by 30^th June 2024 on or before Friday 28^th 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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