URA Clears SK Mbuga of Sh118m Tax Fraud
By Serestino Tusingwire
Sulaiman Kabangala Mbuga aka SK Mbuga has finally got his recently shipped in Ferrari that was initially impounded by Ugandan Revenue Authority over unpaid taxes.
SK Mbuga shipped in a Ferrari and a Ross Royce ahead of his wedding ceremony but tried to evade the tax payment.
Mbuga was accused of importing a Ferrari car model 2011 and declared it as a 2012 model to avoid paying 35% environmental levy.
The Ferrari was held by URA over unpaid taxes estimated at Sh160m. It’s alleged that even after him paying the cash the car was still captured due to unclear reasons.
Fortunately enough, the Tycoon got his ‘big boy’s toy car to the home parking yard last evening.