Uganda Revenue Authority and Uganda Bankers’ Association (UBA) are set to challenge themselves legally after the latter reached an agreement to file petition over recent directive.
Uganda Bankers Association brings together over 20 different commercial banks and financial institutions in the country.
In a letter dated March 16th, Uganda Revenue Authority (URA) requested all banks for detailed information of all their customers, including total cash deposits by each client, total cash withdrawals, standing balance, telephone numbers of clients, email addresses, Tax identification Numbers (TIN), National Identification Numbers (NIN) and physical addresses.
Uganda Bankers’ Association on Friday reached an agreement to file a petition in the Constitutional Court challenging Uganda Revenue Authority’s request for all bank account holders’ details for the period of January 2016 to December 2017.
The association says Uganda Revenue Authority's notice raises several legal issues which are protected by the fundamental rights
"The request of information contained in the notices raises a number of legal issues concerning the constitutionally protected fundamental rights which could expose the member financial institutions to legal liability..." part of the statement by UBA reads.
The request by the tax body comes weeks after President Museveni faulted the Ministry of Finance and Uganda Revenue Authority for failing to identify more sources of revenue.
Uganda Revenue Authority (URA) recorded 13% growth in revenue collection in 2016/17 FY but ended up with close to UGX500bn revenue collection as shortfall of UGX13.2 trillion target.
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