Global Tax Authority appoints Birungyi, Barata and Associates as leading tax and transfer pricing law firm in Uganda

Birungyi, Barata and Associates (BBA), a Ugandan tax advisory and tax attorney firm, has been selected among the top 12 Ugandan tax law and advisory firms in the 2024 edition of ITR Global tax⏤ A comprehensive guide to the world’s leading tax firms.

The company is also the only company in Uganda designated by ITR World Tax 2024 as an authority on transfer pricing.

Transfer pricing, according to Investopedia.com, is “An accounting and tax practice that allows pricing of transactions internally within companies and between subsidiaries that operate under common control or ownership.. The practice of transfer pricing extends to cross-border transactions as well as domestic transactions.

ITR Global tax pPublished by Legal Media Group, the legal publishing arm of Euromoney Institutional Investor Plc, one of Europe’s largest business and financial information firms. The directory is a major resource to help tax professionals find expert advice on tax and related matters in specific jurisdictions.

It provides rankings and profiles of the world’s most effective tax practitioners, covering more than 140 jurisdictions located on every continent.

Bearing in mind that tax practitioners and organizations’ tax advisory needs occur across a wide range of disciplines, the classification includes law firms, advisory firms, and advisory groups.

This year’s global research involved reaching out to more than 25,000 clients and more than 4,800 practitioners for feedback. The 2024 rankings include more than 4,700 corporate ratings and more than 5,000 senior practitioners in more than 140 jurisdictions.

Other firms in the tax rating include PwC Uganda, BDO East Africa, KPMG East Africa, Crowe Uganda AIA, Deloitte Uganda, Destiny Consultants, ENSafrica Uganda, Ernst & Young, Ligomarc Advocates, Mazars and RSM Eastern Africa & RSM (East Africa) Consultant.

Who is Perunji, Bharata and their associates?

Established in 2003, Birungyi, Barata and Associates (BBA) has grown over the years to be recognized by local and international peers as well as international law firms such as IFLR 1000, Chambers and Partners, Global Law Experts and, most recently, Birungyi, Barata and Associates (BBA). ). ITR World Tax, among others, for its excellence in tax and legal services. BBA was also named by CEO East Africa magazine in its 2023 list of the 25 Best Commercial Law Firms and Firms.

The firm’s range of solutions and practice areas include tax, corporate and commercial, banking and financial services, employment and labour, energy and natural resources, immigration, intellectual property, litigation, arbitration, conveyancing, insolvency and company secretarial services.

BBA has also carried out a number of advisory missions within Uganda for various ministries and government agencies, and outside Uganda for the East African Community Secretariat, East African Brands, GIZ, IFC, African Development Bank, World Bank, Rwanda, Liberia, Nigeria and Malawi.

The firm has also carried out a number of advisory missions within Uganda for various ministries and government agencies, and outside Uganda for the East African Community Secretariat, East African Brands, GIZ, IFC, African Development Bank, World Bank, Rwanda, Liberia, Nigeria and Malawi.

The company’s broad range of clients includes government, private, for-profit and not-for-profit organizations. Key sectors include banking and finance, energy, telecom, manufacturing, transportation, real estate, construction, and media insurance, in addition to retail and wholesale trade.

The company’s founders, Perunji Cephas Kagenda and Enoch Parata, have also achieved local and global recognition in their various areas of practice, including CEO appreciation from East Africa magazine. Legal75⏤ A guide to the 75 best corporate and commercial lawyers in Uganda.

The firm’s senior lawyers have a combined tax and legal experience of over 200 years and over 14 employees registered as tax agents with the Uganda Revenue Authority.

Birungi who heads the tax department of the firm is a skilled tax attorney and possibly the best tax expert in Uganda. Chambers & Partners, the global legal ratings firm, describes him as an expert who has “earned an impressive reputation in the Ugandan market as a highly specialized and well-respected tax practitioner”.

In all, Mr. Perongi has more than 35 years of dual tax experience – 20 years as a government tax officer and 15 years as a tax attorney in private tax practice, which gives him a unique advantage over many other tax attorneys. He is arguably one of the few tax attorneys in the country with such dual expertise.