Officials from government tax body, the Uganda Revenue Authority (URA) on Tuesday morning closed Nakivubo war memorial stadium over unpaid taxes, amounting to Shs484million.
According to URA debt manager, Abdusallam Waiswa, said the money has accumulated since 2013 adding that the Stadium’s management has failed to honour their promise of remitting the taxes as per the 2013 agreement, which was signed by both the tax body and the stadium management.
He further noted that all people operating businesses in Nakivubo won’t be allowed to continue with their activities until management meets the said debt, warning that those who will be found there, risk being arrested.
This is the third time in three years that URA is closing the stadium.
In 2013, the tax body took over the stadium after management defaulted on sh388m in tax payments.
URA Officials then indicated that Nakivubo management had issued 12 posted dated cheques since the year 2011, and that 10 cheques had bounced to date. Only two cheques worth sh10m were successful.
The Stadium earns considerable revenues through hosting major national footballing events, social functions such as music shows, it acts as a private parking area during the day and it hosts over 12 retail shops.
The stadium was closed in May 2011 after it defaulted on tax payments worth sh317m accumulated between January 2004 and February 2009, the amounts have since grown to sh388m.