Companies represented by individuals with Chinese names have dominated the list published by Uganda Revenue Authority (URA) that the tax collection body says are engaged in fraudulent activities regarding Value Added Tax (VAT).
The public notice issued by the Commissioner General, Ms Doris Akol, and published in Daily Monitor on Friday, URA explained that the accused companies use fictitious invoices generated to portray a business transaction, while in actual sense there is no genuine supply/movement of goods and/or services.
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