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URA forms committee to regulate tax agents

A committee to register all tax collectors allowed to transact on behalf of Uganda Revenue Authority has been formed.

Speaking at the launch of the Tax Agents Registration Committee (TARC) on Wednesday, URA commissioner general Doris Akol said the committee will only consider licensing professional tax agents who understand the obligations and liabilities attached.

Akol, who will chair the committee, explained that with the formation of TARC, the relationship between tax agents and other stakeholders will greatly improve. She said because they will be legally licensed, the agents will be able to confidently deal with clients and improve their businesses.

“We need our clients’ compliance levels to improve and, therefore, we don’t want to be dealing with quacks who won’t only defraud but also not submit the compliant requirements of URA,” Akol said.

“The committee will be ensuring that the tax agents know the procedures and timelines they have to follow in making their payments and in registering their clients. They will also be able to notify URA on whatever challenges that may arise.”

The Tax Procedures Code (TPC) Act 2014, which came into force on July 1, 2016, provides for the formation of the TARC.

Akol said TARC is going to design a code of conduct that will govern the ethical practices and behaviour of the close-to-70 tax agents in the country.

Akol warned that they will cancel licences of tax agents involved in unethical conduct and tax offences. Certificates will be renewable every year.

The five-member committee consists of Doris Akol (URA), Derrick Nkajja (Accountant), Godfrey Akena (lawyer) and two representatives from the private sector (Feddy Mwerinde and Annet Nakawunde Mulindwa).

The list of TARC’s maiden dully registered tax agents is expected to be released on July 1, 2017.

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