URA Engages Kapchorwa Real Estate Stakeholders on Property Tax and Rental Income Tax
The Uganda Revenue Authority (URA) has joined hands with Kapchorwa Municipal Council authorities to sensitise real estate stakeholders on their tax obligations, in an effort to improve tax compliance and promote development.
The engagement, held yesterday, brought together real estate players in Kapchorwa Municipality to discuss key tax issues affecting the sector. The meeting aimed to help participants understand their responsibilities as property owners and landlords.
During the sensitisation meeting, URA focused on explaining the difference between Property Tax, which is paid to local governments, and Rental Income Tax, which is collected by URA. The authority sought to clear up confusion among taxpayers about the two forms of taxation.
Property Tax is handled by local government authorities, while Rental Income Tax applies to income earned by property owners from renting out their buildings and other properties. URA emphasised the importance of understanding these differences to enable taxpayers to meet their obligations correctly.
Speaking during the engagement, Kapchorwa Municipality Mayor Francis Chemisto described the activity as an important step towards equipping residents and real estate stakeholders with the right knowledge about taxation.
Chemisto said such engagements help empower people to understand the importance of paying taxes, which support the delivery of public services and the implementation of development programmes in their communities.
The real estate stakeholders welcomed URA’s continued efforts to educate taxpayers, appreciating the authority for providing information that helps them better understand the tax system. They also pledged to comply with their respective tax obligations.
URA’s engagement with Kapchorwa Municipal Council reflects the authority’s continued efforts to promote voluntary tax compliance through public sensitisation and cooperation with local leaders and business communities.
