Court to Rule on URA

1503 Views Kampala, Uganda
The High Court in Kampala will tomorrow decide whether city tycoon Sudhir Ruparelia, should pay 36 billion shillings to Uganda Revenue Authority (URA). The Uganda Revenue Authority accuses Sudhir of evading taxes worth 36 billion shillings. The money accumulated from disputed tax incentives and unpaid income tax by Sudhir's Meera Investments. Sudhir claims that he was wrongly accused of tax evasion by the URA. He says one of his company's Meera Investments Limited, was given tax incentives by Uganda Investment Authority, but this fact was ignored by URA. Sudhir also claims that all the properties that were acquired, developed or expanded by Meera Company, were granted 100% exemption from Corporation Tax, withholding Tax and Tax on dividends until December 31, 2000. But URA insists that Sudhir is liable to a Corporation Tax liability of 8.5 billion shillings and a corresponding penalty of 18.8 billion shillings. He is also liable to Value Added Tax of 9 billion shillings for the period between 1996 and 2003. Justice Dan Akiiki Kiiza will deliver his verdict tomorrow.

 

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