The first ever taxation school in East Africa has opened its doors to the public in Kampala.
The East African School of Taxation will teach practical taxation courses to the private sector and business institutions, Godfrey Akena, the executive director, disclosed over the weekend.
The institute, he said, will offer diploma courses to equip the graduates with tax-related skills needed to become tax consultants recognised by the Uganda Revenue Authority and the Tax Appeals Tribunal.
This move would break the monopoly of the Uganda Revenue Authority that was previously the only institution teaching tax-related courses, mainly to its employees.
The courses will take eight months.
â€œThe aim of the institute is to enable tax consultants have an indepth understanding, knowledge and authoritative interpretation of all tax laws in Uganda,â€ Akena said during an interview in his office in Kampala.
â€œMost people are ignorant about tax laws and procedures leading to most taxpayers to end up in the tax appeals tribunal,â€ he said.
Akena added that the institution would lead to a rise in the number of tax professionals, who will help the business community interpret tax laws better.
â€œThe target groups for these courses include advocates, tax consultants and accountants, who need to have first hand interpretation of the countryâ€™s tax laws and procedures,â€ Akena noted.
First tax institute opens