Now that the June tax filing cycle has come to an end, the taxman will be reviewing the returns and supporting records that have been filed. It is during this time that businesses may receive communication from the tax authority requesting for additional information, reconciliation exercises, and review of records or notification of a tax audit.
Regardless of the nature of the enquiry, a notification from the tax authority implies that certain potential anomalies have been identified which require further investigation. “ Regardless of the nature of the enquiry, a notification from the tax authority implies that certain potential anomalies have been identified which require further investigation.”
This articled appeared in The Daily Monitor on Tuesday, July 13, 2021. Continue Reading: https://www.monitor.co.ug/uganda/business/prosper/tax-audit-triggers-that-attract-ura-s-attention-3471938