Nakivubo stadium closed over 480 million

By Robert Ssegawa

The Uganda Revenue Authority -URA has closed off Nakivubo stadium over 480 million tax debt that has accumulated since 2013.

URA debt manager Abdusalam Waiswa says the management of Nakivubo has failed to fulfill its promise on remitting the taxes as per 2014 memorandum of understanding which was signed by both parties.

He adds that all the people operating various businesses in Nakivubo will not be allowed to continue with activities until management clears the debt warning that those who defied the order risk being arrested.

Waiswa says that failure to clear the debt will prompt the tax body to auction some of the property to recover the money