URA Closes Nakivubo Stadium Over Tax Arrears

0 Shares
Nakivubo Stadium
Nakivubo Stadium has been closed by Uganda  Reevenue Authority over tax arrears

Uganda Revenue Authority on Tuesday morning announced that it had closed Nakivubo Stadium over its failure to clear tax arrears totaling to Shs385m since Oct 2010.

The announcement to close that stadium was made through the tax body’s tweeter account @URAuganda. The multipurpose stadium is the second largest after the Mandela National stadium Namboole and has a capacity of 15, 000 people.

“We have closed Nakivubo stadium for failure to clear VAT & PAYE totalling to 385m/= since Oct 2010.” the statement read adding “In June 2011 we gave Nakivubo Stadium management to clear tax in 12 installments but 10 of their 12 cheques bounced yet tax was accumulating.”

According to the tax body, Since 2011 they have been engaging Nakivubo to clear tax  and their failure has led the authority to issue a warrant of distress with Simba Speed auctioneers.

Uganda Revenue Authority says it is open to an for negotiation on an agreeable workable payment plan with the management of the stadium adding however that If Nakivubo fails to come up with a payment plan, the authority will appoint a manager or receiver to manage the stadium on it’s behalf until the tax is recovered.

Apart from hosting footballs games, the stadium is used for entertainment purposes as it plays host to music shows.

The closure of the stadium will come as bad news for those who had booked it for shows over the long Easter weekend that is just days ahead.

Facebook Comments
0 Shares