URBRA recognizes that schemes and service providers are facing unprecedented challenges due to the Coronavirus (Covid-19) pandemic. URBRA is especially mindful of the potential challenges that may impede the timely submission of statutory returns.
Owing to the disruption caused by the Coronavirus and directives of the President of the Republic of Uganda and the Ministry of Health, URBRA has put in place the following measures regarding the submission of statutory returns:
- Submission of Quarterly Returns
As previously indicated, the online submission portal remains open for any of the quarterly statutory submission. The Authority will, however, on a case-by-case basis consider any requests for extension of time for submission of statutory returns. Please note that requests for extension of submission deadline for the quarterly returns should reach the Authority before 30th April 2020.
- Submission of Scheme Audited Financial Statements
URBRA is aware that scheme trustees and their auditors may not be able to conclude the scheme audit process and submit audited financial statements by the statutory deadline.
As such, a month’s extension is hereby given for submission of the statutory scheme annual audited financial statements, effective April 30, 2020. All scheme Audited Financial Statements accounting for the period ended 31st December 2019, shall be submitted by May 30, 2020.
Trustees are encouraged to use the available modes of communication to conclude the scheme audit process during the allowed extension period.
Please note that the Authority may review the revised timelines in line with prevailing conditions and / or any Government developments. Should the Authority make any further changes, a similar notice will be issued.
- Remittance of Monthly contributions
URBRA is aware of the effects COVID-19 may cause on some scheme sponsors’ core business, in which case, some employers may not be able to meet their statutory monthly contribution remittances to schemes.
Taking cognizance of the above, the legal provisions and the respective schemes’ trust deed conditions, URBRA will, on a case-by-case basis, consider any requests for consideration of proposal related to meeting the requisite contribution remittances.
Please note that this only applies to contributions to voluntary schemes.
Please note that requests detailed in this notice can be submitted by email to email@example.com,
Martin A. Nsubuga
CHIEF EXECUTIVE OFFICER
Issued: 21st April 2020