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THE REPUBLIC OF UGANDAMinistry of Gender, Labor and Social DevelopmentStandard Operating Procedures for OVIS Data Management VERSION NOVEMBER, 2015SOPs for OVIS data managementCONTACT: MINISTRY OF
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What is ovcmis?
OVCMIS stands for Offshore Voluntary Compliance and Management Information System, which is a system for taxpayers to voluntarily disclose offshore accounts and assets in order to comply with tax regulations.
Who is required to file ovcmis?
Taxpayers who have offshore accounts and assets are required to file OVCMIS if they want to voluntarily disclose such information to the tax authorities.
How to fill out ovcmis?
To fill out OVCMIS, taxpayers need to provide detailed information about their offshore accounts and assets, including account numbers, institutions, balances, and income generated.
What is the purpose of ovcmis?
The purpose of OVCMIS is to allow taxpayers to voluntarily disclose their offshore accounts and assets in order to comply with tax regulations and avoid penalties for non-disclosure.
What information must be reported on ovcmis?
Taxpayers must report detailed information about their offshore accounts and assets, including account numbers, institutions, balances, and income generated.
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