National Social Security Fund v Commissioner General Uganda Revenue Authority (TAT Application No 3 of 2019)
Observed later treatment
No later-treatment classification is recorded for this judgment.
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Holding
The Tax Appeals Tribunal held that interest paid by the National Social Security Fund to its members' accounts is not a deductible allowance under section 25(1) of the Income Tax Act. The Tribunal found that the relationship between NSSF and its members is one of trustee-beneficiary, not debtor-creditor, and that the interest paid is a return on investment rather than compensation for a debt obligation incurred in the production of income. The Tribunal upheld the assessment of principal tax of UGX 30,521,703,065 and penal interest of UGX 12,196,875,941, though one member dissented on the penal interest issue.
Outcome
Application dismissed; applicant ordered to pay principal tax and penal interest
Facts
The National Social Security Fund (NSSF), a statutory body established under the NSSF Act, receives contributions from employers and employees and pays benefits with interest as required by the Act. In 2013, the Uganda Revenue Authority audited NSSF for the period 2005 to 2012 and disallowed interest paid to members' accounts as a deductible expense, issuing an assessment of UGX 30,521,703,065 as principal tax and UGX 12,196,875,941 as penal interest. NSSF had been treating the interest paid to members as an allowable deduction under section 25(1) of the Income Tax Act, relying on a 2001 letter from URA confirming this treatment. NSSF objected to the assessment, arguing that the interest was incurred in the production of income and should be deductible. URA maintained that the interest was a return on investment, not a debt obligation expense.
Issues
- Whether the interest payable to NSSF members is a deductible allowance under the Income Tax Act?
- Whether the applicant is liable to pay penal interest?
- What remedies are available?
Orders
- The principal tax of Shs. 30,521,703,065 is due and payable by the applicant.
- The applicant is liable to pay penal interest of Shs. 12,196,879,941.
- The respondent is awarded costs of this application.
Rules and key headnotes
Legislation cited (26)
- Income Tax Act s.25(1)
- Income Tax Act s.2(s)
- Income Tax Act s.2(kk)
- Income Tax Act s.17
- Income Tax Act s.136
- Income Tax Act s.4
- Income Tax Act s.15
- National Social Security Fund Act s.2
- National Social Security Fund Act s.7
- National Social Security Fund Act s.11
- National Social Security Fund Act s.12
- National Social Security Fund Act s.13
- National Social Security Fund Act s.19
- National Social Security Fund Act s.22
- National Social Security Fund Act s.30
- National Social Security Fund Act s.35
- National Social Security Fund Act s.35(1)
- National Social Security Fund Act s.35(7)
- National Social Security Fund Act s.38
- Bills of Exchange Act s.2
- Bills of Exchange Act s.82
- Public Enterprises Reform and Divestiture Act Cap. 98 s.22
- Tax Appeals Tribunal Act s.16(4)
- Constitution of Uganda Article 17
- Constitution of Uganda Article 152
- VAT Act s.65
Cases cited (20)
- Commissioner for Inland Revenue v Allied Building Society (1963) 4 SA 1 (A)
- Commissioner for Inland Revenue v Standard Bank of South Africa Ltd (81/85) [1985] ZASCA 63
- Republic v Kenya Revenue Authority Ex parte Universal Corporation Ltd (Misc. Application No. 460 of 2013)
- Solar Now Services Ltd v Uganda Revenue Authority (TAT Application No. 3 of 2017)
- National Social Security Fund v Makerere University Guest House (Civil Suit No. 525 of 2015)
- Steel Corporation Of East Africa Ltd v Uganda Revenue Authority (HCCA 2010)
- Ralli Estates Ltd v Commissioner of Income Tax [1961] 1 EA 48 (PC)
- Republic and Others v Attorney General [2006] 2 EA 265
- Council of Civil Services Union v Minister for Civil Service [1985] AC 374
- R v Inland Revenue Commissioners ex parte MFK Underwriting Agencies Ltd [1989] STC 873
- Tullow v Uganda Revenue Authority (TAT Application No. 4 of 2011)
- Al Fayed and Others v Advocate General for Scotland [2004] STC 1703
- R v Inland Revenue Commissioners ex parte MFK Underwriting Agents Limited [1989] STC 873
- Republic v National Environment Management Authority ex parte Sound Equipment Limited [2010] eKLR
- KM Enterprises Ltd and Others v Uganda Revenue Authority (HCCS No. 599 of 2001)
- Informer No. TCI/002/07/06 v Uganda Revenue Authority (HCCS No. 579 of 2007)
- Uganda Project Implementation and Management Centre v Uganda Revenue Authority (Constitutional Petition No. 18 of 2007)
- Inland Revenue Commissioners v Duke of Westminster [1936] AC 1
- Federal Commissioner of Taxation v Century Yuasa Batteries Pty Ltd (1998) 82 FCR 288
- AM Bisley & Co Ltd v Commissioner of Income Revenue (1985) TNZTC 5082
Full judgment
The original judgment as reported. Read the original PDF before relying on any passage.