Nzeyi sold his land in Kitende for Shs 6.5 bn. URA wanted to tax him. Court said “no”
Businessman Amos Nzeyi has prevailed against the Uganda Revenue Authority (URA) in a dispute over a Shs 1.82 billion tax assessment on income from the sale of land. In a ruling, the Tax Appeals Tribunal declared that the land sold by Nzeyi was not a business asset and is therefore exempt from income tax. The…