Uganda Withholding Agents Required to Carry Out Compliance Checks and Settle Outstanding Liabilities

The Uganda Revenue Authority (URA) in a communication that was issued through a public notice on 17 August 2020, has reminded designated withholding tax agents to withhold tax on payments for goods and services made to any person that, in aggregate or as a single payment, exceed UGX 1,000,000. Tax at a rate of 6% on the gross amount must be deducted by the agent and remitted to the URA within 15 days after the end of the month in which the transaction took place. If the agent fails to deduct …