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URA closes Kanyamunyu’s company over unpaid Shs13m tax, to sell it off in two weeks

Matooke Republic by Matooke Republic
April 26, 2017
in Business, Featured Stories
Reading Time: 1 min read
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A day after tax body, Uganda Revenue Authority closed Andrew Rugasira’s Good African Coffee factory and the chain of restaurants,  Mathew Kanyamunyu’s Quatum Logistics  Express, has also faced the same fate. 




 “In November 2016, URA signed a memorandum of understanding with the director of Quatum Kanyumunyu to clear a debt of sh25m shillings which had accumulated over a period of two years”, The New Vision reported.
 
According The New Vision, the company has been issued 14 days to clear the debt lest its sold off.  
”The company, located on second street Industrial Area, paid only sh12m and reportedly issued two cheques that bounced”, The New Vision reported.




 

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