By KGR Reporter,
The translation of Uganda’s tax laws and policies into Chinese is expected to ease doing business between the Uganda Revenue Authority and the Chinese investors.
The translated tax policies were on Friday launched by the URA Commissioner General, John Musinguzi at an event graced by China’s Ambassador to Uganda, Zhang Lizhong.
Musinguzi said there has been a communication gap between the tax body and Chinese investors or business persons because the tax laws, policies, and treaties were only written in the English language.
He said while some of the laws and policies were translated into some of the languages, there has been a barrier when it comes to Chinese.
China being a strategic economic and trade partner to Uganda, Musinguzi says it had to be prioritized, intending to improve tax compliance from this community, as well as maximize collections.
Mr. Musinguzi speaking…..
The Chinese ambassador to Uganda Zhanga Lizhong said translation of the tax policy documents is an enabler to increased Chinese trade and investment in Uganda. Mr. Lizhong speaking….
He noted that more Chinese business people will clearly understand Uganda’s taxation. END.