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Daily Monitor
Thursday December 17 2020
URA has embarked on a project in which it will seek to attach rental properties to real owners. PHOTO | FILE
Summary
URA has also warned landlords to take advantage of the voluntary compliance amnesty to declare non-compliance, failure of which they will suffer penalties once trapped.
Ms Jaye Connolly-Labelle, RippleNami Inc chairperson and chief executive officer
The RTCS we are building, shall integrate data silos in the various ministries and government agencies . to make it easier for government to make data-driven decisions . for better planning and enhanced service delivery.”
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The Government, under Uganda Revenue Authority (URA), has kicked off a project in which it seeks to match rental properties in Greater Kampala Metropolitan Area with their owners.
URA, RippleNami kickoff the Rental Tax Compliance System (RTCS) project
December 17, 2020 Written by OUR REPORTER
Six months after RippleNami® Uganda committed to the Government of Uganda, to empower the Uganda Revenue Authority (URA) with cutting edge traceability and transparency technology for improving rental income tax compliance, the project has kicked off with both parties promising a win-win for both taxpayers and the Government.
On June 05
th 2020 RippleNami® Uganda and the Ministry of Finance, Planning, and Economic Development (MoFPED), signed an agreement for the former to deliver the Rental Tax Compliance System (RTCS).
The system is a blockchain data visualisation platform that will integrate