Uganda Revenue Authority ( URA) yesterday issued a list of 99 tax defaulters with arrears of over shs 39 billion.

URA gave the defaulters seven days or face closure.

According to the URA notice, whoever will not settle their outstanding liabilities and or produce evidence of payment within the said period shall be enforced upon in accordance with the relevant tax laws.

The largest defaulter on Value Added Tax( VAT) is Gulf Energy Limited, a Kenya based oil marketing and import firm which has an arrear of shs 6.3 billion whereas Neptune has an arrear of shs 5.5 billion

Others on the shame list include, Habib Kagimu of Habib oil and Habib properties with arrears more than shs 3.6 billion,Mandela National Stadium with arrears of shs 2 billion and many more.