WBS TV with effect from today is going to be under new management for an unspecified period of time after URA took over the premises for failure to pay tax arrears amounting to 7.2 billion shillings.
According to an employee at the Naguru TV station names withheld, the new managing director will run the organisation until the 7.2 billion is recovered. “URA together with WBS have appointed a new managing director to run the organization until the 7.2 billion is recovered.” He told us.
However, in a press conference held at WBS headquarters in Naguru, the owner of the station Gordon Wavamunno also confirmed this news by announcing that he had reached an agreement with URA to have his TV station run by a ‘receiver manager’ until the arrears owed to the tax body are cleared. Thereafter the station will be handed back to him.
“We suffered a few difficulties in the running of the company starting a few years ago, but we have reached an agreement with URA to have a receiver take possession of the company until the tax body has recovered all its outstanding arrears,” Wavamunno said.
The debts the TV station owes to URA include ‘Pay as you earn’ and ‘value added tax’ and both have been accumulating for the last 10 years.
Kenneth Kabito Karamagi, a lawyer with Ligomarc Advocates is the new receiver manager and will first take up that position for 45 days in order to see how the station gets its revenues, get to know about all the employees, find more debts among other errands at the station. The tax body will decide on the next move after that.
More in Features & Profiles
Some people deserve my diva attitude
super model vibes: Stacie Aamito Lagum is headlining Kampala Fashion Week for the second time. The event runs from October 20...October 21, 2016
Hustler: Linda Pacy Katusiime
TALKING DESIGNS: Linda Katusiime started her business by doing deliveries for friends and relatives. Bringing in items from Turkey, Germany, China...October 21, 2016
How to be Mr Safe Hands Denis Onyango
CATCHING BALLS: He may not be able to save you from your financial woes, but shoot any ball in his direction...October 21, 2016
Zil escaped from class to sing
Early dreams: He is only 25, but for him, it is already a story of grass to grace. Zil Nantamegwa started...October 21, 2016
Kalifah has never called anyone dad
REINVENTING SELF: Since the flop of his concert, singer Kalifah Aganaga has been a little quiet. Last we heard, he had...October 15, 2016
People had hijacked my life – Faridah
New beginnings: Social media was on Tuesday awash with photos of Faridah Nakazibwe’s wedding to boyfriend, Dr Omar Ssali...October 15, 2016
What Queen of Katwe means to them
Katwe experience: Based on the vibrant story of Phiona Mutesi, whose world rapidly changes when she is introduced to the game...October 7, 2016
How to be… the no-nonsense Jennifer Musisi
KCCA bosslady: She is probably the most popular woman in Kampala, and no – not for scandals or anything else, but...October 7, 2016
Meet a celeb : How Pablo wants to be remembered
Rib-cracker: He is among the first Stand up comedians in Uganda. Today Kenneth Kimuli aka Pablo is a household name in...October 7, 2016