Our tax services offering encompasses corporate tax health checks and investigation advisory, personal and corporate tax advisory, tax due diligence support, individual and corporate tax compliance and tax training.
Our tax experience has shown us that companies find it difficult to manage their tax function or lack adequate internal tax systems, resulting in the attendant tax risks. In general, clients' challenges will range from non-compliance e.g. failure to submit tax returns or pay tax when due, to challenges from the Uganda Revenue Authority (‘URA’), the National Social Security Fund (‘NSSF’) and local governments not being addressed to the satisfaction of those authorities. These result in strained relationships between the tax payer and the authorities.
Typical examples of tax exposures we find at tax health checks and investigations include.
- Incorrect treatment of VAT on membership subscriptions.
- Late payment of tax and or social security or local services tax together with the associated penalties and interest.
- Withholding tax incorrectly applied or not withheld, on imports or domestic transactions.
- Failure to correctly complete and lodge statutory returns.
- Employee status being incorrectly assessed. A typical difficulty is where taxpayers have ‘casual labourers' on their books.
- Employees’ tax incorrectly calculated.
- Related party transactions which are not supported by appropriate transfer pricing policies or a lack of transfer pricing documentation.
- In general omitting certain income or expenses in their income tax return due to inadequate tax reporting and compliance systems.
Our work and what we can deliver.
We are able to work with you to identify tax risk areas, to quantify them and to make recommendations in report formats and discussions so as to rectify material tax exposures. We are happy to work with you to implement appropriate controls and procedures to mitigate future tax risks. Our tax health check support service is intended to assist management with their comprehensive tax risk management policy so as to enhance their overall corporate governance responsibilities.
At BRJ we provide a range of tax advisory and consultancy services to clients.
This will normally include reviewing proposed tax structures, if a client is planning to register or invest in Uganda, tax consultation on a specific tax transaction, for instance where companies wish to enter into a cross border contract with a Ugandan entity or to divest from Uganda.
We are able to help businesses as they make decisions and plan.
We provide consulting services by giving solutions to specific tax issues, prepare for discussions on industry or company tax and to perform tax due diligence investigations.
As part of our tax health check services mentioned already, we review clients’ tax risks exposure and work closely with them to plan and prepare robust tax risk management policies and frameworks.
We offer tax training sessions to clients and prospects on topics such as VAT, National Social Security Fund contributions and Income Tax, Customs Duties among others. Our sessions are designed to show clients areas of tax compliance that can help their business to avoid unnecessary penalties, but also avenues for minimising tax exposure. We seek to ensure that tax planning is practical so that clients are able to actually use the advice we have imparted.
Our partner, Mr. Robert Busuulwa has conducted tax training since 2002 in England’s London South Bank University firstly as a visiting lecturer on the business and advanced tax papers of the ACCA. He has taught tax in numerous countries since then, including Uganda, Sierra Leone, Rwanda and Zambia, etc. He has presented a number of tax papers at conferences both in Uganda and overseas including delivering a paper at a big five June 2011 International Tax Conference in South Africa for both East Africa and Zambia. Robert has lecturered widely in tax in Uganda including at a prestigious Management Accountancy Training (‘MAT’) college since 2006. He has worked well with the URA on behalf of clients and, if need be, respectfully puts forward challenging tax interpretation of tax statute to the URA, thereby bringing on board both a practitioner and academic aspect to your tax queries.