In June 2020, RippleNami signed an agreement with the Government of Uganda through the Ministry of Finance (MoF) to develop the Rental Tax Compliance System (rTCS). rTCS is a multifaceted software platform that enables the government to integrate selected government data to match real estate properties to their individual and/or corporate owners to determine individuals and corporations likely to be underpaying their rental income tax obligations.
Key highlights of the American Chamber of Commerce Tax Forum included:
• Uganda Revenue Authority discussing the tax regime in Uganda, emphasising Rental Income Tax; URA had the opportunity to educate taxpayers about their Rental Income Tax obligations effective July 1st.
• RippleNami Uganda, providing insight into the Rental Tax Compliance System to enforce compliance.
• KCCA informing taxpayers about the difference between Rental Income Tax, Property Rates and Ground Rent and showcasing some of the public services that KCCA has provided in 2020/2021.
• Deloitte Uganda, participating in the capacity of Financial and Tax Advisory specialist, also joined the discussion.
The event was a hybrid of physical and online attendance to observe Covid-19 social distancing measures.
Key highlights of the American Chamber of Commerce Tax Forum included:
• Uganda Revenue Authority discussing the tax regime in Uganda, emphasising Rental Income Tax; URA had the opportunity to educate taxpayers about their Rental Income Tax obligations effective July 1st.
• RippleNami Uganda, providing insight into the Rental Tax Compliance System to enforce compliance.
• KCCA informing taxpayers about the difference between Rental Income Tax, Property Rates and Ground Rent and showcasing some of the public services that KCCA has provided in 2020/2021.
• Deloitte Uganda, participating in the capacity of Financial and Tax Advisory specialist, also joined the discussion.
The event was a hybrid of physical and online attendance to observe Covid-19 social distancing measures.
