URA relaxes warehousing restrictions on old motor vehicles
The Uganda Revenue Authority (URA) has reviewed its earlier directive to take out motor motor vehicles relationship 9 many years outdated or additional from the warehousing regime to adopting a just one-yr reduction tactic on warehousing regime for these motor automobiles.


With the new evaluate, which took influence on July 1, motor vehicles older than 13 years shall pay taxes when at the first ports of entry into the East African Group (EAC). URA’s Commissioner Common John Rujoki Musinguzi, all through an engagement with made use of auto dealers at the authority’s headquarters in Nakawa, solved to cut down the warehousing period of time of motor cars aged 9 to 12 yrs, to only six months devoid of extension.

The current follow will allow an importer to warehouse these kinds of cars up to nine months. He even further instructed the auto dealers that URA recognized the influence of the existing world-wide inflation, which is nevertheless impacting corporations in all sectors.

“Considering the present financial landscape and the geo-politics that has brought on creeping inflation in the state, it is very important that URA adopts a extra gradual but progressive solution to the restriction of warehousing of utilized Motor Cars,” Musinguzi claimed.

He also mentioned that 5,000 autos are re-exported to South Sudan, Democratic Republic of Congo and Burundi. Marvin Ayebale, the affiliation spokesperson, claimed 83 for every cent of the re-exported motor vehicles fall in nine to 15-12 months category.


