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JOSHUA KATO: The risks associated with Tax Non-Compliance in Ugandan businesses
Summary by Watchdog Uganda
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JOSHUA KATO: The risks associated with Tax Non-Compliance in Ugandan businesses
In the vibrant economy of Uganda, small and medium-sized enterprises (SMEs) play a crucial role in driving economic development, fostering innovation, and generating employment opportunities. Yet, a significant challenge faces many of these businesses: tax non-compliance. Failing to fulfill tax responsibilities can trigger a series of penalties and interest that jeopardize cash flow and place the survival of these ventures at risk. Statistics fr…
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