The Uganda Revenue Authority (URA) is urging Ugandans who earn income or hold assets abroad to voluntarily disclose them, following new measures that allow the country to access financial data from over 100 foreign jurisdictions.
The call comes after the enforcement of the Multilateral Administrative Assistance in Tax Matters Act (MAAC), Cap 335, which gives Uganda the legal framework to obtain tax and financial information from 125 countries.
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According to URA, the tax body has already begun receiving automatic reports from overseas financial institutions. The data includes details of bank accounts, property, and income belonging to Ugandan residents — marking the first time Uganda has accessed such large-scale information from abroad.
In a notice issued on Tuesday, URA advised individuals and organisations that may have underreported or failed to declare foreign assets or income to regularise their tax records before the authority takes enforcement action.
URA also encouraged taxpayers to update any inaccurate or incomplete returns filed within the past three years, as provided for under Section 25(3) of the Tax Procedures Code Act, Cap 343.
The notice emphasised that relief measures apply only to taxpayers who voluntarily come forward before their undeclared information is detected by URA or before an audit or investigation begins.
Affected taxpayers are required to submit a voluntary disclosure form through URA’s online platform, after which the authority will direct them on how to correct earlier submissions.
URA said the campaign seeks to promote tax compliance and ensure that all offshore income and assets held by Ugandans are properly reported.
Taxpayers seeking guidance have been encouraged to reach out through the authority’s toll-free numbers, WhatsApp help desk, or official email channels.
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