Shs710b in rental tax uncollected annually
Friday May 28 2021
Summary
Speaking during the Tax Forum CEO Breakfast meeting in Kampala, Ms Connolly-LaBelle, said about 92 per cent of rental income is not taxed, which denies government close to Shs710b.
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Only 8 per cent of rental tax is collected, which leaves the larger majority of rental income untax, according to Ms Jaye Connolly-LaBelle, the RippleNami chairperson and chief executive officer.
Speaking during the Tax Forum CEO Breakfast meeting in Kampala, Ms Connolly-LaBelle, said about 92 per cent of rental income is not taxed, which denies government close to Shs710b.
Ms Connolly-LaBelle, whose company signed a contract with government last year to develop technology through which collection of rental tax can be maximised, did not explain how she had arrived at the figure.
Daily Monitor
Thursday May 06 2021
Summary
In June last year, government signed a deal with RippleNami to build a data visualisation system that would match rental properties with their owners as well as estimate the value of rental income from a property.
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A US-based company that government hired to build a digital system that seeks to maximise rental tax collections is now in the final stages ahead of the product launch, according to Ms Jaye Connolly-LaBelle, the RippleNami Uganda chairperson.
The system, which seeks to trace landlords that are non-compliant and those that under declare rental incomes as well as matching properties to real owners, Ms Connolly-LaBelle, said has been undergoing demonstrations with the most recent being a prototype demo at Uganda Revenue Authority (URA).
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