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Coca – Cola Beverages Uganda Limited, Betpawa Betting Company and Bank of Baroda Uganda Limited have scooped this year’s tax compliance awards organized by the Uganda Revenue Authority.

Coca – Cola are top winners of the Excel award while Betpawa and Bank of Baroda Uganda are 1st and 2nds runners – up respectively.
In the last 3 years, Coca – Cola has paid Ugx 319 billion in taxes exhibiting a 197% revenue growth employing 956 people directly, followed by Betpawa at Ugx 144 billion and Bank of Baroda at Ugx 106 billion in the same period.
The companies were also commended for constantly engaging URA for tax advisory and embracing its tax collection initiatives.
Prime Minister Robinah Nabbanja flanked by her finance minister Matia Kasaija and the Secretary to the Treasury Ramathan Ggoobi presided of the award ceremony that marks the 17th edition of the Annual Tax Payers appreciation awards by URA.
Kasaija has noted a quick recovery of the tourism sector from the effects of COVID – 19 lockdowns adding that the recovery has come in less the projected time of 5 years.
Ggoobi reported a Ugx 21.66 trillion revenue collection in the 2021/22 financial year representing a 98 per cent target and 14 per cent growth of Tax – GDP.
Mr.Wilson Mayamba of Tororo was named winner of the Vantage – Awards individual category for the Eastern where KACH – AP Global Forwarders Limited won the non – individual category.Kachap employees around 17 people and were able to remit Ugx 1.84 billion in 3 years representing a 136.5 per cent revenue growth in the period.
Bank of Baroda is one of Uganda’s oldest banks and was first listed on the stock exchange in 2002.
Atleast 22 individual and non – individual tax payers were recognized for tax compliance. From each region at least one individual and a company were awarded in the tax appreciation awards
Special Notes
Do not miss out on the waiver of interest and penalties for those who will make good their tax records and obligations before December 31. Visit the URA now before it gets late.
This is a message from Debu & Fi Initiatives, the media consortium on deepening economy and financial inclusion in Uganda.

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