Tax expert wants URA re-audited
Jun 12, 2005
INDEPENDENT firms should be contracted to re-audit audits by Uganda Revenue Authority (URA) officials, Ernst and Young’s tax manager, Ronald Akankwasa, has said.
By David Muwanga
INDEPENDENT firms should be contracted to re-audit audits by Uganda Revenue Authority (URA) officials, Ernst and Young’s tax manager, Ronald Akankwasa, has said.
“The re-audit acts as a check and balance. They could be paid according to the percentage of additional tax discovered to avoid making the audit an additional cost,†Akankwasa said.
He was presenting a paper on the Budget proposals to the Institute of Certified Public Accountants of Uganda at Sheraton Kampala Hotel on Friday.
However, Akankwasa said URA’s poor performance was partly due to the negative attitude of taxpayers.
“There is a general perception by taxpayers that taxes are high, discriminatory and unfair. This has fuelled tax avoidance, evasion and increased the enforcement burden on URA,†he said.
Akankwasa said the tax body should maintain the 10% reward on the amount of tax recovered for informers.
He said some taxpayers carry out complex transactions, making it difficult for URA to monitor their tax compliance.
INDEPENDENT firms should be contracted to re-audit audits by Uganda Revenue Authority (URA) officials, Ernst and Young’s tax manager, Ronald Akankwasa, has said.
“The re-audit acts as a check and balance. They could be paid according to the percentage of additional tax discovered to avoid making the audit an additional cost,†Akankwasa said.
He was presenting a paper on the Budget proposals to the Institute of Certified Public Accountants of Uganda at Sheraton Kampala Hotel on Friday.
However, Akankwasa said URA’s poor performance was partly due to the negative attitude of taxpayers.
“There is a general perception by taxpayers that taxes are high, discriminatory and unfair. This has fuelled tax avoidance, evasion and increased the enforcement burden on URA,†he said.
Akankwasa said the tax body should maintain the 10% reward on the amount of tax recovered for informers.
He said some taxpayers carry out complex transactions, making it difficult for URA to monitor their tax compliance.