Tax Simplified - Uganda

CAR LOG BOOK TRANSFERS

Is that car log book in your name?

Selling your car, without transferring the log book to the names of the new owner means the car still belongs to you.

When or if that car is used in committing a crime, the police runs to URA first to find out the ownership of the car and you become the first suspect.

Buying a car without transferring the same into your names means the old owner technically still owns the car.

Did you know that in some microfinance institutions, all they need to give someone a loan is a car log book in his or her names?

So you could be driving a car that is security for another person's loan

Do not take the risk. Transferring ownership of a car is just a click button away...

"An efficient tax system ought to be certain. It needs to be clear as to the amount of tax that needs to be paid, the timing of the payment and the manner of payment. If these are not certain, then every person subject to that tax is put more or less in the power of the tax-gatherer, who can either aggravate the tax upon any obnoxious contributor, or extort, by the terror of such aggravation, some present or perquisites to himself."

Uncertainty leads to corruption and is a far worse evil than inequality in the burden of tax.

Adam Smith