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Ruparelia is biggest rental income taxpayer

Matooke Republic by Matooke Republic
October 31, 2017
in Business, Featured Stories
Reading Time: 1 min read
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Ruparelia Group Chairman Sudhir Ruparelia and MD Rajiv.

Uganda Revenue Authority has today released the list of top rental income taxpayers and Meera Investments Ltd, a company owned by Ruparelia Group came top among non-individual taxpayers.

In the individual taxpayers’ list, Ruparelia Group chairman Sudhir Ruparelia comes second.

These developments confirm the Ruparelia Group as the biggest real estate player in the country.

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“Uganda’s real estate sector has steadily grown over the years. The sector contributes 0.20% to GDP and a significant amount to domestic revenue,” a release from URA Commisioner General Doris Akol.

“In the past year, the sector has registered a 12% revenue growth and this has greatly contributed to our tax-to-GDP,” Akol states.

Below is the list.

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Tags: Rajiv RupareliaRuparelia GroupSudhir RupareliaURA
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