Bank of Baroda Ltd v Commissioner General Uganda Revenue Authority (Civil Suit No. 238 of 2009)
Observed later treatment
No later-treatment classification is recorded for this judgment.
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Holding
Held that section 4(c) of the Value Added Tax Act (before the 2011 amendment) clearly charged VAT on the supply of any imported services by any person without exemption. Unlike section 4(b) which exempted certain imported goods, section 4(c) contained no exemption provision. The exemption for financial services in section 19 and the Second Schedule applied only to domestic supply of financial services, not imported services. The plaintiff's assessment of Ushs. 824,987,760/= as VAT on imported financial services was lawful.
Outcome
Plaintiff's claim dismissed. Declaration and orders sought by plaintiff denied. Plaintiff ordered to pay assessed VAT and penal tax.
Facts
The plaintiff bank entered into a management agreement with Bank of Baroda India for provision of management services and financial services for the period January 2004 to December 2007, paying USD 600,000 annually. The plaintiff deducted and remitted VAT on management services but did not remit VAT on financial services, treating them as VAT exempt under the Second Schedule to the Value Added Tax Act. During a tax audit for the period 2004 to 2007, the defendant computed VAT on all services imported by the plaintiff, including financial services, on the grounds that under section 4(c) of the VAT Act, VAT was due on any service imported by any person. The defendant assessed Ushs. 824,987,760/= as VAT on imported services and Ushs. 672,216,243/= as corporation tax. The plaintiff objected on 16 April 2009. The defendant confirmed the assessment on 8 June 2009. The parties reached a part consent settlement during mediation, leaving only the question of VAT liability on imported financial services for determination.
Issues
- Whether the plaintiff is liable to pay VAT of Ushs. 824,987,760/= on imported services.
- Whether the assessed VAT on financial services by the defendant is lawful.
- Whether imported financial services were exempt from VAT under the Value Added Tax Act prior to the 2011 amendment.
Orders
- Declaration that the imported financial services were not exempt from VAT before the 2011 amendment of the VAT Act.
- The plaintiff is liable to pay VAT on imported financial services.
- The plaintiff to pay Ushs. 824,987,760/= assessed by the defendant.
- The plaintiff to pay penal tax for late payment as per section 65(3) of the VAT Act.
- Costs of this suit awarded to the defendant.
Rules and key headnotes
Legislation cited (15)
- Value Added Tax Act Cap. 349 s.4
- Value Added Tax Act Cap. 349 s.4(b)
- Value Added Tax Act Cap. 349 s.4(c)
- Value Added Tax Act Cap. 349 s.18
- Value Added Tax Act Cap. 349 s.19
- Value Added Tax Act Cap. 349 s.19(1)
- Value Added Tax Act Cap. 349 s.20
- Value Added Tax Act Cap. 349 s.5
- Value Added Tax Act Cap. 349 s.7(1)
- Value Added Tax Act Cap. 349 s.8(6)
- Value Added Tax Act Cap. 349 s.65(3)
- Value Added Tax Act Cap. 349 s.80
- Value Added Tax Act Cap. 349 Second Schedule
- Value Added Tax (Amendment) Act 2011 s.4(c)
- Income Tax Act
Cases cited (5)
- Stanbic Bank of Uganda Ltd and 3 Others v Attorney General (HCMA No. 0645 of 2011)
- Stephen Seruwagi Kavuma v Barclays Bank (U) Ltd (HCMA No. 634 of 2010)
- Cape Brandy Syndicate v Inland Revenue Commissioners [1921] 1 KB 64
- Lafarge Midwest, Inc v City of Detroit State of Michigan Court of Appeals No. 28929
- Crane Bank v Uganda Revenue Authority (HCCA No. 18)
Full judgment
The original judgment as reported. Read the original PDF before relying on any passage.