Instructions for Compiling the Daily Tax Return

Bank of Uganda: Supervision Directorate 2022 1 INSTRUCTION NOTES FOR THE COMPILATION OF THE DAILY TAX RETURN AUGUST 2022

Bank of Uganda: Supervision Directorate 2022 2

Introduction
The commercial banks collect taxes and are remitted as required by the Uganda Revenue Authority to the Bank of Uganda. The Bank of Uganda requires banks to advise what will be paid out, a day earlier to allow for proper liquidity management during the CRR maintenance period. The taxes collected today by commercial banks are then advised the following day to the BOU through BSA by 11.00a.m. The following steps are taken to submit the return.

1. Login to BSA
2. Skip this step if you already have the return template. Download by going to IISS

Templates, then search for the return “CBD_Tax” in the map field. The download
happens when you select the arrow in the download column.

3. On the Return Name CBD_TAX REMITTANCES, click on the download icon to
   download the template
4. An excel template is downloaded

Bank of Uganda: Supervision Directorate 2022 3
5. Filing in the return
1: Your name
2: Your position
3: Your telephone number
4: Every institution has one, contact your team that often works with BSA for your code 5: The year corresponding to the date inserted 6: The day corresponding to details of the information 7: Similar to the Start Date, Always 8: Indicate the date of collection 9: Amount to be remitted today [More detail on this] 10: Amount to be retained [More detail on this] 11: Date remitted; The Date on which the funds are sent to BOU
6. Save the return and upload it to BSA
7. Uploading the return, Go to IISS> Return Submission
8. Select the Map as CBD_TAX REMITTANCES
9. The period should correspond to the day you selected in the return
10.Choose the file you saved-then click “Add” 11.Click Upload to upload the return 12.A notification is shown below the return

Bank of Uganda: Supervision Directorate 2022 4 13.Go to IISS >Notifications to confirm if your file has been uploaded successfully 14.Leave the start and end date as default, and choose the frequency as “Daily” 15.Select “Search” to view all the returns submitted today. 16.Find the CBD_Tax Remittance Return you have just submitted – the status should be “Successful” 17.If it has failed, select the “Failed” link, to download the error and why it has failed. 18.If you do not understand the error received, send an email to bsa_support@bou.or.ug with the attachment of the text file and request for assistance to understand the error.