Saturday, May 4, 2024

Uganda suspends KCB subsidiary from tax portal

The Uganda Revenue Authority has struck KCB Uganda from its tax portal. The portal allows banks to facilitate the payment of State revenue by the public through tax banking services.

“The general tax paying public is informed that Uganda Revenue Authority has deactivated Kenya Commercial Bank (KCB) from the URA portal with effect from the 21st December 2016 pending resolution of key issues,” URA in a notice Thursday posted on its website.

“We therefore urge our valued clients to use the other banks available on the URA portal for payment of taxes. We apologize to all our clients for any inconveniences caused,” it added. The taxman in Uganda did not reveal reasons behind the de-listing of KCB Uganda.

KCB Uganda parent bank, KCB Group, said that it was in talks with URA to rsolve the issue. “The Uganda Revenue Authority (URA) deactivated KCB Bank Uganda Limited from the URA portal with effect from 21 December, 2016,” KCB Group’s head of corporate and regulatory affairs Judith Sidi Odhiambo told Kenya’s Business Daily. 

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