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March 25, 2008

Uganda: URA Sues Italian Firm Over Unpaid Taxes (AllAfrica.com)- Topic: leonardo da vinci,leonardo da vinci paintings

THE Uganda Revenue Authority (URA) has sued Made In Italy and Leonardo Da Vinci to recover over sh1. The tax body claimed that the Made In Italy failed to remit sh401m in Value Added Tax and sh838m in corporation tax. Made in Italy owns the Italian Restaurant in Bugolobi near the Shell petrol station, Italiana Supermarket in Muyenga and a warehouse in Wandegeya. URA wants the court to order Leonardo Da Vinci to account for all the properties belonging to the Made In Italy in its possession. It also seeks a declaration that a sale agreement between Made In Italy and Leonardo Da Vinci was made allegedly to avoid paying the outstanding taxes totalling to sh2. AllAfrica aggregates and indexes content from over 125 African news organizations , plus more than 200 other sources , who are responsible for their own reporting and views. read more

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