The Ambassador of France to Uganda, His Excellency Xavier Sticker, met with Sarah Chelangat, the Uganda Revenue Authority (URA) Commissioner for Domestic Taxes, to discuss tax-related issues and strengthen working relations between the URA and the French business community in Uganda.
The meeting focused on taxes, incentives, and finding solutions to the tax challenges faced by French investors in Uganda. Commissioner Chelangat provided valuable information to the French business community about different types of taxes and the available tax incentives that could benefit them. She emphasized the importance of understanding Uganda’s tax system to conduct business effectively.
Chelangat also encouraged the French investors to adopt the Electronic Fiscal Receipting and Invoicing Solution (EFRIS) and Digital Tax Stamps. She explained that these tools are essential for enhancing tax compliance and reducing the need for frequent audits.
During the discussion, French investors raised concerns about issues with unstable ledgers and credit notes. They noted that these issues lead to delays in refunds and multiple audits. Chelangat responded by stating that the URA is working on harmonizing different audits to streamline the process and reduce the number of visits to taxpayers. She also mentioned that the URA is developing a system to better manage credit notes.
Ambassador Xavier Sticker emphasized the importance of cooperation and dialogue to improve working relations, create a better investment environment, and address tax-related challenges. He highlighted that such engagements are crucial for fostering a positive business climate.
Uganda has become an attractive destination for foreign investment in the East African region due to its stable macroeconomic policies, liberalized business environment, and increased regional trade. The country has seen significant investments in sectors such as telecommunications, real estate, mining, and insurance, with many French companies involved in the oil and gas sector.
The Ugandan government has promoted direct investment by providing tax incentives that favor different sectors. These efforts are part of Uganda’s Vision 2040, which aims to transform Uganda into a middle-income country.
