Helping you stay on top of your books & taxes | Income tax, Rental tax, VAT, DST, PAYE, WHT, Excise, Stamp duty, Customs & Gaming tax | Uganda & remote
Welcome 👋
We help you keep clean books and stay compliant with taxes
We support you with
• Bookkeeping
• Income tax
• VAT, PAYE & WHT
• Excise & Stamp duty
• Customs & Gaming tax
Serving Uganda & remote clients
If you have a question, feel free to DM
A business without records is a rumour. Write everything down. Sales, expenses, debts, stock, suppliers, customers and losses. Data protects you from emotional decisions.
@DouglasLwangaUg@DouglasLwangaUg you are very right. The other day we helped out a taxpayer where URA issued an assessment based on their social media posting looking back at the last 3 years to ask for tax due
@ChimpReports@URAuganda withholding tax continues to be more mysterious than ever. Don’t get caught out in similar circumstances let’s discuss. Thanks @ChimpReports
@NKaliisa@NKaliisa and the good thing is that with $135k invested as a Ugandan citizen it gets your company income tax exemption for the first 3 years.
@kyamageroandrew@kyamageroandrew So now every time you withdraw YOUR money, you pay a tax? What started as 0.5% on mobile money has quietly become 0.25% on ALL cash withdrawals ATM, bank agents
@mofpedU is this expanding the tax net or pushing people back to cash under the mattress? 🤔💸
@DouglasLwangaUg i agree @DouglasLwangaUg some of the statutory obligations for an employer
PAYE, VAT, WHT, income tax
NSSF
LST
industry specific taxes like local govt hotel tax
interest payments
trading licence
industry licences
TVET (still proposal)
etc.
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@ntvuganda@ntvuganda Govt through @mofpedU should tax @Parliament_Ug MPs' allowances, reinstate WHT on agricultural supplies but at 0.5% (not 1%) and revise minimum PAYE and rental tax threshold from 235k per month to 410k per month
Today is Sunday, 15 March.
Best practice: announce deadline extensions before the deadline.
Reality: we’ll likely hear tomorrow from @URAuganda that the filing and tax payment deadline is extended to 16 March
#taxcompliance
@mtnug@Daevoe777@mtnug the mobile data speed (on the right) is way higher than the fibre speed of average 100mbps (on the left). Work on my speed please. The fibre internet is too slow.
@mtnug@Daevoe777 Many times the MTN mobile data is faster than the fibre. How does it take fibre about 10 minutes to download the MyMTN app of 53mbs yet with MTN data in 30 seconds its downloaded