• Mon. Dec 23rd, 2024

UGANDA, Kampala | Real Muloodi News | Gone are the days when Ugandans had to queue at URA offices to complete a TIN application. Now, URA has introduced a new process, which allows users to complete the entire process online. This new online TIN application form is efficient and user-friendly. You no longer have to download a hefty Microsoft Excel file, or figure out how to fill the cells and upload it back on the website. 

A TIN, or Taxpayer Identification Number, is a unique identifying number assigned to every taxpayer by the Uganda Revenue Authority (URA) for tax administration purposes. Any person who is likely to transact in any tax related business with URA is required to apply for a TIN.

Most Ugandans had to endure an arduous and time-consuming process to apply for a TIN, but not anymore. Let us explore the changes with the new online TIN application form.

What has changed?
  • National Identity Number is the primary identifier for the URA/NIRA system. The system is now programmed to auto-fill and validate information like names, gender, citizenship.
  • You don’t need to add referees or alternative contact details.
  • It requires you to provide a unique email address and upload attachments.
  • You don’t need any other documents if you have a valid NIN or BRN (Business Registration Number).
  • No need to print, sign and deliver to URA offices. You can submit the application online and agree to the terms and conditions tab.
  • If you are employed, you can provide your employer’s TIN and cells will be auto-filled.

TIN application service is available on the e-services page on the URA website.

Why should I get a TIN?

Every landlord in Uganda earning rental income has an obligation to pay tax. However, the most successful landlords and property developers in Uganda understand that there are actually benefits to paying property and rental income tax:

  • Legitimacy is a consideration by investors when awarding big contracts; tax compliance proves legitimacy.  
  • To attract financing for existing or expansion projects, loan underwriters will consider the tax perspective of real estate financial models during loan underwriting. Banks and other reputable capital investors will be reluctant to finance investments that don’t plan for, declare or under-declare their obligations, particularly now that the URA has a means of checking for and enforcing compliance.  
  • You can claim interest rates on investment loans as a deduction against rental income tax, but only from reputable and accredited lenders.  
  • Proper tax planning is necessary for long-term prosperity. Tax planning is concerned with ascertaining likely outcomes and managing them. Business prefer to operate in an environment of certainty.  
  • Paying rental income tax helps protect your property against land grabbing. Your tax returns offer additional proof you are the legitimate owner of the property.
Here’s a step-by-step guide on how you can apply for your TIN online:
  1. Visit the URA website and click on the e-services page.
  2. Click on TIN registration.
  3. Before you click on the start button for your application, you are reminded to read your rights, obligations and requirements for individual applications. Make sure you understand them.
  4. When prompted, enter your email address, choose the type of application (individual or non-individual) and click on proceed.
  5. You will receive a digit code via email. Enter this code in the next field and continue.
  6. Enter all the information required on different tabs within the form.
  7. Submit the application

Note that you can also save changes and finish the process later if you cannot finish it in one go.

With this new system in place, it is essential for all Ugandans, in particular real estate owners/landlords, to ensure that they are registered taxpayers. Your TIN enables you to file provisional final income tax returns in accordance with the law. By paying taxes, you also avoid harsh penalties and contribute to national improvement.

READ MORE LIKE THIS:

WATCH: The Uganda Revenue Authority Vows to Do Things Differently

Understanding the Current and Proposed Property Tax Regime in Uganda

Verified by MonsterInsights