URA Directs All Entertainers to Get TINs

Date:

Share post:

Uganda Revenue Authority (URA) has directed all individuals earning from entertainment activities to get Tax Identification Numbers (TINs), failure of which could result in fines or imprisonment.

Bbosa Ibrahim Kibuuka, the Assistant Commissioner Public and Cooperative Affairs and URA spokesperson said that the TIN is what identifies an individual or business with the tax body.

β€œWe are requiring those in the entertainment industry to get a tax identification number. This tax identification number is what identifies an individual or a business with the tax body and in case of a refund the URA uses the same tax identification number,” Kibuuka said.

Kibuuka explained that there are many people who have joined the entertainment center and many of those probably may not be aware of the obligation of paying tax on income that they generate from the industry.

β€œIndividuals or businesses that have been getting income are obliged by law to file returns with the tax body which include expenses and gross income. This helps URA to compute the tax that one needs to pay depending on the returns filed,” Kibuuka said.

Some of those include artists, authors, performers, producers, promoters, event managers among others.

However, according to Kibuuka, URA is not interested in penalizing those who would fail to comply but they are more interested in voluntary compliance.

URA as a tax body is interested in educating the public to know their obligation.

 

spot_img

Related articles

The Mind Blowing Potentials of Planting Trees

In a world where people are frequently cutting down trees, the negative effects of deforestation are on the...

π„π—ππ‹πŽπ‘π„π‘ 𝐍𝐄𝐖𝐒 π‘πŽπ”ππƒπ”π

ISSUE 194 EVENING 𝐄DITION FEBRUARY 01, 2023 πŸ‡ΊπŸ‡¬πŸ‡ΊπŸ‡¬πŸ‡ΊπŸ‡¬ πŸ‡ΊπŸ‡¬ Posho dealers vow not to lend schools food as schools demand zero fees...

Kanungu Radio Manager Caught on Camera Beating Employee Arrested over Assault

Kanungu radio presenter Anita Tumuramye has dragged her Manager, Nelson Kagote Twinamatsiko to police over assault. This follows a...

What To Consider Before Getting onto a Boda Boda

After having a lunch date with friends over the weekend, we looked for the easiest means of transportation...