Why traders in Uganda fear backdated tax penalties

Most of those affected by these audits are multinationals and manufacturers who import raw materials.

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The decision by Uganda Revenue Authority (URA) to review taxes filed by big ticket importers has some traders fearing more penalties that could go back five years.

This post-customs clearance audits are not strange, and the URA occasionally launches such reviews if it suspects the taxes actually paid by importers do not tally with the goods imported, on their books.