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URA launches first taxation handbook in Chinese language

Chinese investors urged to directly deal with URA

Gilbert Akampa Kakurugu by Gilbert Akampa Kakurugu
January 6, 2024
in RELIGION
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URA CG John Musinguzi Rujooki and Chinese Ambassador to Uganda Zhang Lizhong at the launch of the URA Taxation Handbook in Chinese language.

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By Leonard Kamugisha Akida,

KAMPALA

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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.

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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.”

Chinese investors and some officials from URA after the launch of Taxation Handbook in Chinese language in Uganda.

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.

Tags: ChinaChinese InvestorsChinese marketMusinguzi RujookiTaxation HandbookURAZhang Lizhong

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