By Leonard Kamugisha Akida,
KAMPALA
The Uganda Revenue Authority has commenced the translation of tax documents into Chinese.
According to URA Commissioner Gen John Musinguzi Rujoki, this decision was taken because China is not only Uganda’s largest trading partner but also the primary source of foreign direct investment.
Musinguzi highlighted one of the key challenges faced by URA in revenue collection – a gap between taxpayers and tax collectors. The new initiative seeks to close this gap and promote direct interaction between Chinese taxpayers and URA while reducing opportunities for exploitation by brokers.
Although brokers will still have business opportunities, clients are encouraged to work directly with URA for better understanding and transparency.
“By doing so,” he stated, “we eliminate chances of misrepresentation because many times we’ve been misrepresented by middlemen.”
The launch of Uganda’s taxation handbook in Chinese reflects a favorable business environment that inspires confidence among investors from China according to Zhang Lizhong, the Chinese Ambassador to Uganda.
Ambassador Lizhong said this move will not only benefit URA but also contribute towards strengthening the relationship between Uganda and China as it provides effective revenue collection while still allowing brokers to conduct business.
