In a move to bolster economic recovery from the COVID-19 pandemic, the Government of Uganda has launched a tax amnesty program. This initiative aims to alleviate the financial burden on businesses and individuals by waiving interest and penalties on outstanding principal taxes as of June 30, 2023.Eligible Taxes and BenefitsThe tax amnesty applies to various domestic taxes, including:Corporation income taxIndividual income taxRental income taxPay-as-you-earn (PAYE)Withholding tax (WHT)Value-added tax (VAT)Local excise dutyLotteries and gaming taxesStamp dutyBy participating in the program, taxpayers can benefit from:Waiver of interest and penalties on outstanding principal taxesReduced tax burdenIncreased liquidity for business reinvestmentSimplified tax complianceTaxpayer Requirements and GuidelinesTo take advantage of the tax amnesty, taxpayers must:Pay their outstanding principal tax by December 31, 2024.Confirm payment through the Uganda Revenue Authority (URA) web portal or visit the nearest Domestic Taxes office.Proportional WaiverIf a taxpayer pays a portion of the principal tax outstanding by December 31, 2024, the interest and penalty relating to the principal tax paid will be waived proportionately.Program ObjectivesThe tax amnesty program seeks to:Encourage tax complianceProvide relief to businesses affected by the pandemicFoster economic growth and recoveryImportant DeadlineDon’t miss this opportunity! Only taxpayers who pay their principal tax by December 31, 2024, will benefit from the waiver.How to Access Your Outstanding Tax BalanceTaxpayers can:Log into their Tax Identification Number (TIN) account on the URA web portal ((link unavailable))Visit the nearest Domestic Taxes office for assistanceRelated