RONALD AKANKWASA

Chief Executive Officer (CEO)
rakankwasa@destiny.co.ug

EDUCATION

Post Graduate Diploma in Tax Revenue and Administration of Uganda Revenue Authority (PODITRA-URA)

Bachelor of Statistics Degree – Makerere University

Association of Certified Public Accountants (ACCA-UK)

Association of Certified Public Accountants of Uganda (ICPAU)

PROFILE

Ronald Akankwasa holds a Post Graduate Diploma in Tax Revenue and Administration of Uganda Revenue Authority (PODITRA-URA), he is a member of the Association of Certified Public Accountants (ACCA-UK), as well as a member of the Association of Certified Public Accountants of Uganda (ICPAU).
He holds a Bachelor of Statistics Degree from Makerere University.

Ronald has a Career in tax that spans over 17 years. He worked in Deloitte and Touche for three years as an Associate Director and during that time, he was the country tax leader of the firm in Uganda.
He has also worked in Ernst & Young for 8years and by the time he left the firm, he was at the level of Senior Tax Manager. Before joining Ernst & Young, Ronald also worked in Uganda Revenue Authority (URA) as an Income Tax Assessor.

Ronald has experience in Tax Consultancy in Uganda, especially on Domestic Tax and International tax issues. He has been involved in providing key tax planning and tax compliance services to multinational enterprises. He has tax expertise in corporate taxation, individual taxation value added tax and Customs Duty. He also has expertise in expatriate taxation, international tax, mergers, re-organisations and acquisitions.

Ronald has provided tax advice and handled tax audits for multinational enterprises engaged in cross border business.

In mid-2007, Ronald was involved in a reorganisation of some international firm’s operations in Uganda which required the merging of its two operating entities in the country. The issues considered then were as follows:

  • Various forms of implementing the merger in Uganda at both the local and international scene to minimise the incidence of capital gains tax, stamp duty and VAT.
  • Reviewing the tax operations of the two entities to establish the tax liabilities likely to be triggered off as a result of the merger.
  • Capital gains tax on the sale of shares in the Ugandan Company.
  • Reviewing the Double taxation treaty networks that Uganda has with other countries and their effect on the proposed merger options.
  • Obtaining tax rulings from the relevant tax authorities.