Kampala, Uganda | THE INDEPENDENT | Uganda Revenue Authority senior commissioner Dickson Kateshumbwa has resigned. Dicksons Kateshumbwa, who had recently been taken to head the domestic taxes docket, said in an e-mail to staff that he had decided to end his tour of duty ahead of the contractual period with immediate …
Read More »Manufacturers of tyres, shoes, and mattresses to get tax exemptions
Kampala, Uganda | THE INDEPENDENT | Ugandans and foreigners investing in factories to make tyres, shoes, mattresses, and toothpaste will be exempted from paying income tax retrospectively starting July 2019. This is contained in the income tax (amendment) bill 2020. The amendment expands the list of businesses that enjoy this incentive …
Read More »Rich people prefer agency banking to mobile money – URA
Kampala, Uganda | THE INDEPENDENT | URA boss Doris Akol says fewer rich people using mobile money has cost her tax revenue Uganda Revenue Authority has decried the shift of high value Ugandans from using mobile money services to agency banking, which has cost the country tax revenue. Doris Akol, …
Read More »Uganda to lose UGX 500bn to tax incentives in 2019/20 financial year
Kampala, Uganda | THE INDEPENDENT | Uganda is set to lose more than 500 billion Shillings in tax waivers during the 2019/2020 financial year alone, the Uganda Revenue Authority has indicated. A tax waiver is when a company or an individual engaged in a certain activity where they are supposed to …
Read More »URA registers UGX 700 billion shortfall for half year tax collections
Kampala, Uganda | THE INDEPENDENT | Uganda Revenue Authority (URA)’s collections for the six months from July to December 2019 fell short of the target by at least 697.4 billion shillings. Doris Akol, the commissioner-general, told reporters on Thursday at URA headquarters in Nakawa that the tax body managed to collect …
Read More »MPs criticize URA over delayed installation of scanners at border points
Kampala, Uganda | THE INDEPENDENT | Members of Parliament on the Finance Committee have criticized Uganda Revenue Authority (URA) for slowing down on the installation of scanners at all border entry points. This was during a meeting on Tuesday with officials from URA led by the Commissioner General Doris Akol over …
Read More »UGX 20.4 trillion revenue target is unrealistic -Doris Akol
Kampala, Uganda | THE INDEPENDENT | The Commissioner-General of Uganda Revenue Authority, Doris Akol has said that the 20.4 trillion shillings revenue target for the current financial year 2019/2020 is unrealistic. Akol was on Tuesday appearing before Members of Parliament to explain their financial proposals under the 2020/2021 financial year Budget …
Read More »URA boss quizzed on taxes collected from substandard goods
Kampala, Uganda | THE INDEPENDENT | The Commissioner-General of Uganda Revenue Authority (URA) Doris Akol has downplayed accusations that the tax body caused losses to businesses by retaining taxes paid for goods that are destroyed after failing to meet standards. Akol was summoned by Parliament’s Committee on Commissions, Statutory Authorities …
Read More »Physical address for tax assessment no longer make sense-URA
Kampala, Uganda | THE INDEPENDENT | It no longer makes sense to compel companies to provide a physical address for tax assessment when several are minting money without offices, the Commissioner General of Uganda Revenue Authority-URA, Doris Akol has observed. Akol, who was addressing tax administrators from African states at Serena …
Read More »URA recalls order on tax certificate to transfer Sh50 million abroad
Kampala, Uganda | THE INDEPENDENT | Doris Akol, the Uganda Revenue Authority-URA Commissioner General, has recalled the order that required individuals and corporations transferring sh50 million and more abroad to have a tax certificate. The order, which became public on Wednesday and had been issued by Commissioner Domestic Taxes Henry Saka, …
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