Tag Archives: Akol

The taxman plans to increase sentisation to meet targets of the program Last financial year, Uganda Revenue Authority (URA) set an ambitious target to collect Shs420bn from small businesses across the country but preminary performance shows that it is likely  not to be as expected. Data from the URA shows …

The Uganda Revenue Authority (URA) has recorded a shortfall of Shs 240bn in the first three quarters of FY 2016/2017 amidst a tough economic environment. As a sign of the times, the International Monetary Fund (IMF) this week revised GDP growth for Uganda for FY2016/17 to 3.5% from government projections …

Uganda Revenue Authority (URA) is on track to collect tax revenue of Shs 500 billion above target by end of the financial year 2016/2017. URA’s Commissioner General, Doris Akol says Shs 10.5 trillion has so far been collected as revenue for this financial year, and projections are now that they will collect …

Minister of Trade, Industry and Cooperatives Amelia Kyambadde has said cabinet has constituted a sub-committee to look into and address the fact that there is no law that prevents foreigners from engaging in petty trade in Uganda. The sub-committee has finalized its main task which was to come up with a national policy …

Lawyers say president has no right to dish out money The parliamentary committee investigating the Oil Cash Bonanza is in the final stages of completing its hearings with Ministry of Finance officials being the last batch of civil servants to appear. By press time, committee chairperson Abdu Katuntu said they …

Uganda Revenue Authority (URA) Commissioner General Doris Akol has said it was the Attorney General Fred Ruhindi who initiated the request for a sh6 billion presidential reward for a team of government officials who won a 2014 capital gains tax case against UK based oil company Heritage. Akol said she only got involved …

COMMENT: By Joseph Were She should have known that her role in the saga could damage URA; an institution whose brand is integrity One of the most glaring omissions in the ongoing debate around the so-called oil cash bonanza has been the absence of comment and action from the Ministry …

Stars of anti-corruption fight caught in secret deals with President As debate rages over the controversial Shs. 6 billion reward (presidential handshake), former Attorney General (AG) Fred Ruhindi’s defence of it, might just be the winner.Ruhindi is one of the 42 select officials who received the reward from President Yoweri …

The latest threat to commercial banking? At the end of November 2016, the Uganda Revenue Authority’s staff Savings and Credit Cooperative (SACCO) held up to Shs12.6 billion on its account as the cumulative savings of its members.That amount is triple the minimum capital requirement to start a Tier II bank …

VIDEO: African Tax administrators have called for the need to strengthen Value Added Tax Administration on the continent to increase tax revenues. Uganda Revenue Authority Commissioner General Doris Akol says improving domestic Revenue Collection, is the only way African tax bodies can combat tax evasion. Akol was speaking during the 17th …