By Irene Kabakama
The mandate of Uganda Investment is to initiate and support measures that enhance investment in Uganda and advise Government on appropriate policies conducive for investment promotion and growth. This mandate can only be complete with partnerships from other government agencies like URA.
Recently, the UIA team was sensitized on available tax incentives to guide investors. The team was provided with information on what tax incentives are, who qualifies for them and those available this financial year.
According to Ibrahim Bbossa, the Assistant Commissioner Public and Corporate Affairs, the URA-UIA engagement is the new direction of URA-to work through partnerships.
“We are trying our best to maintain a link with the government agencies to improve trade and UIA is better at this. As URA, we are ready to teach, guide and hand hold you from TIN registration to all other basics of Tax,” Bbossa said of the engagement.
He added that working with sister agencies like UIA also introduces URA to other clients. This helps URA to offer tailor-made education to the various taxpayer segments and improve service delivery to ease payment of taxes.
Already, URA has a similar arrangement the Uganda Manufacturers Association. URA conducts monthly tax clinics to equip them with more knowledge on tax but also guide the startup businesses so that they comply.
Winnie Lawoko Olwe, the Corporation Secretary & Head Legal and Board Affairs of UIA appreciated URA for equipping them all the necessary information to empower investment in Uganda and also help investors to comply.
