The Uganda Revenue Authority
(“URA”) issued a public notice on
voluntary tax disclosure on 16 July 2020. The notice highlights the
Tax Procedures Code Act (the “TPCA”)
provisions that a taxpayer who voluntarily discloses any tax that
should have been declared to the Commissioner, may enter into an
agreement with the Commissioner to pay the outstanding unpaid tax
and that person will not be required to pay any interest or fine
due.
The notice defines a voluntary disclosure as where a taxpayer
voluntarily discloses what ought to have been disclosed but was not
declared or partially declared before being prompted by any action
or threat of action by the URA such as a tax investigation, request
for tax information, tax advisory, tax health check or review,
notice for tax audit, tax query or a compliance visit by URA
officers.
