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At the Kololo Independence Grounds, the hub of Uganda’s largest agricultural exhibition, the Harvest Money Expo 2024, a team of tax educators from the Uganda Revenue Authority (URA) set up camp. This event, organized by Vision Group Uganda, drew participants from various segments of the agricultural sector, including grassroots farmers, retailers, and investors.
Andrew Kyakonye, a tax education expert, highlighted the team’s mission to educate attendees on the intersection of taxation with Uganda’s agricultural sector. Dispelling the misconception that farmers are exempt from income tax, Andrew emphasized the importance of commercial farmers fulfilling their tax obligations.
“For commercial farmers, it’s essential to allocate a portion of their income from agribusinesses for taxation,” explained Andrew. “We aim to debunk the myth that farmers are immune to income tax and ensure they understand their responsibilities.”
In addition to providing tax advisory services, the URA team informed exhibitors about available tax incentives in the agricultural sector. These incentives, they emphasized, could be leveraged by farmers to enhance their operations and foster growth.
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“We’ve distributed approximately 800 tax incentive guides to exhibitors and visitors,” Andrew stated. “It’s crucial for them to be aware of these incentives as they are actively involved in the agricultural business. Our goal is to add value to their enterprises.”
During the Expo, Edward Otim Kenneth, managing director of a farmers’ holding SACCO in Kwania District, raised concerns about persistent messages from URA regarding outstanding dues, despite SACCOs being exempt until June 30, 2027.
“After clarifications today, the team explained that it’s a minor oversight issue that will be promptly resolved,” remarked Kenneth. His SACCO, comprising over 600 members producing approximately 25 tons of maize per season, benefitted from the clarification.
Kenneth emphasized the importance of intensified tax education, particularly in rural communities, to bridge the gap between farmers and tax authorities. He stressed the need for accessible tax literature to educate farmers on tax obligations as their businesses grow, reducing fear and uncertainty.
“There’s a pressing need for tax literacy. Farmers should understand the process of paying taxes as their businesses expand. Ignorance breeds fear, and it’s crucial to empower farmers with knowledge,” concluded Kenneth, highlighting the significance of ongoing tax education initiatives.
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