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In view of the taxation system governing the Importation and Exportation principles Yuasa Investments Limited was allocated Tax Identification No and Value Added Tax Registration Numbe. This in a way checks and controls the misuse by some Importers who would wish to dodge Taxation on their side. It also helps Uganda Revenue Authority to actually ascertain our rate of Business Transaction.
Having been one of the biggest importer of motor vehicles, there was need to deal with quite competent Bankers that Include Standard Chartered, Crane Bank, Uganda Commercial Bank, DFCU Bank. With the above banks we have been able to transact business at anytime in case of Telegraphic Transfer of Cash to Japan and Mombasa for clearing and purchase.
Coupled with much duties for purpose of guarantee, the company appointed M/s Excel and Paramount Insurance Companies for Bond Inland Car Depot, and third party insurances. From time on, we have not experienced any problem with them beside all.
We need to mention our company Lawyers: Lebwar, Onek and company of the Advocates who have played quite a commendable Job in the smooth running of the day to day transactions of the Company. At all times things were worked on and suggestions shared on the way forward of the company and future prospects.