URA Releases Pioneer Buses

The Uganda Revenue Authority has released Pioneer Buses after signing a Memorandum of Understanding with the company on paying 8billion shillings owed in tax arrears.

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According to the MOU, Pioneer Easy Bus will pay URA in monthly installments of 200 million shillings over a period of two years.

In February this year, URA impounded over 100 buses belonging to Pioneer Easy Bus Company for failure to clear a shillings eight-billion tax debt.

The move by URA followed persistent reminders to the bus company to clear the cumulative debt since it started city transport operations in March 2012.

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