• Thu. Sep 21st, 2023

UGANDA, Entebbe | Real Muloodi News | Real estate muloodi Sudhir Ruparelia’s Ruparelia Group has once again been listed among Uganda’s top taxpayers in 2021. The prominent developer was recognised by Uganda Revenue Authority (URA) in the 2021 Tax-payers Awards for their contributions to developing the nation.

The Annual Taxpayers Awards Ceremony held on December 10th at the URA head offices in Nakawa, Kampala, concludes URA’s two-month long Taxpayers Appreciation Season, which recognises Uganda’s top taxpayers and celebrates their compliance and contributions to building Uganda.

In his speech at the ceremony, Mr. John Rujoki Musinguzi, URA’s Commissioner-General, said that despite the impact of COVID-19 on the economy, the URA has managed to perform well between July and November because of compliant taxpayers, thanking them for their contributions.

“One of the reasons why this is special is that as an organization it is a crowning moment for a series of events that we have been having to celebrate 30 years of existence. We started this season on the 15th of September at Kololo Airstrip when we had a thanksgiving ceremony to celebrate the small and medium taxpayers across the country and extend a hand in a CSR (Corporate Social Responsibility) to a number of institutions. So, today marks the end of that season of celebration and appreciation of our valued partners in the journey of developing our nation,” Musinguzi said.

Mr Musinguzi added that URA is adopting and deploying modern technology like artificial intelligence and data analytics to widen the tax base and identify all potential sources of revenue. These mechanisms will allow all qualifying citizens and economic players to be able to make their fair contribution to the revenue basket, so that the burden does not only fall to the few who are paying.

Chief Guest at the event, Finance Minister Matia Kasaija, in his speech said that through taxes, government is able to build roads, hospitals, schools, security and finance on its own budget.

Mr Kasaija said that currently, Uganda is able to finance only 50% of her budget. This means that that she has to borrow the remaining 50%. Therefore, he said the aim is now to increase the tax to GDP ratio from the current 13% to about 20%, so that the country can reduce its borrowing and debt.

Here is the Full List of Uganda’s top taxpayers Honoured at URA’s Taxpayer Awards Ceremony

Excel Awards

Winner: Citi Bank
1st runner-up: Davis & Shirtliff
2nd runner-up: Housing Finance Bank

Commissioner General’s Awards

1. Strategic Media Partner: New Vision 26. Eco Bank
2. Strategic MDA: URSB 27. United Bank for Africa Uganda Ltd (UBA)
3. Strategic MDA: UPDF 28. Spedag Interfreight
4. Strategic Professional Body: International Institute of Internal Auditors and SEATINI 29. Nice House of Plastics
5. African Tax administrators’ forum 30. Lifetime Achievers awards
6. Vantage Awards 31. Allen Kagina
7. Classic Africa Safaris 32. Doris Akol
8. Pride Microfinance Bank 33. Gerald Ssendawula
9. Michael Kimoni (Individual) 34. Justine Zaake
10. Mbale DLG (Eastern Region) 35. Keith Muhakanizi
11. United Worldwide Forwarders (Eastern Region) 36. Recognition
12. Rajbir Rai Singh (Individual – Eastern region) 37. Ruparelia Group of Companies
13. St. Jude Children’s Home (Northern Region) 38. Movit Products
14. Christopher Dau (Individual – Northern Region) 39. Kakira Sugar
15. Millenium Security Ltd (Western region) 40. Tororo cement
16. DHL (Logistics) 41. Stanbic Bank
17. Goodman Muhangi (Individual – Western Region) 42. MTN Uganda
18. Fido dido (Manufacturing) 43. Spedag Uganda
19. MDA: Mbarara University of Science and Technology 44. Mext Media Services
20. Wholesale: Home Uganda Ltd and Royal Pharma Uganda Ltd 45. Vision Group
21. Agriculture: Incafex Ranches Uganda 46. Photogenix Uganda
22. Real Estate: Madati (Individual) 47. Huawei Uganda
23. Uganda Clays – Large taxpayer (Construction) 48. Harris International
24. Country Motel, Koboko 49. Lugazi Sugar
25. Trailblazer wards 50. Roofings Ltd

If you have real estate news that you would like featured on Real Muloodi News Network, contact us via email at [email protected]