URA To Attach Ex-Bou Director Properties Over Tax Evasion!

URA To Attach Ex-Bou Director Properties Over Tax Evasion!

By our reporter

They say problems always comes in pairs, this can only be understood by troubled former BoU director in charge of supervision Justine Bagyenda, just few weeks after she was thrown out of Bank of Uganda and Microfinance support center, now she faces another steep ‘mountain to climb’, courtesy of no-nonsenshttp://www.spyuganda.com/?p=1171&preview=truee Taxi collectors.
Operatives from the Uganda Revenue Authority (URA) are reportedly investigating her over allegations of evading taxes amounting to billions of shillings.

Bagyenda, who was recently fired in a restructuring process at BoU but has since refused to hand over office, has allegedly been evading tax remittances for several years. She is said to be hiding over Shs19 billion in both shilling and dollar currencies in several commercial banks in Kampala, and owns over 20 properties worth hundreds of millions of shillings.

When URA compiled a list of top tax payers in Uganda in October on which several city business personalities appeared as the top income tax payers, Bagyenda’s name was nowhere to be seen. Some of the top tax payers that URA listed included individual rental income tax payers like Muhammed Hussein, Karim Hirji, Virani Aisha, Godfrey Kirumira, Lubega Charles, Karia Rita, Tumwesigye Mustafa, Thakkar Nita, John Muwonge, plus companies like BAT, BIDCO, Megha Industries, MULCO Textiles, Ministry of energy, Mukwano, Golf course group, Multiple ICD, PDM Uganda Limited, Capital shoppers, Tembo Steels, DFCU Limited among others. After realizing that Bagyenda is extremely wealthy but her tax remittance schedule is greatly lacking, URA operatives have reportedly launched an audit investigation into her operations so as to ascertain whether she has been evading taxes, with intent to compel her cough all the taxes she hasn’t remitted for the period under review.

If this exercise ends not in her favor, Bagyenda could face tougher penalties from the taxi body which could include attaching some of her properties.

Bagyenda’s DTB fat accounts leaked to the media last week and other properties in town which has opened a pundonor for her before the taxi body. According DTB, leakage of her account information was an inside job.

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