Looking to tough, new compliance, enforcement COVER STORY | RONALD MUSOKE | Value Added Tax (VAT) fraud is the most prevalent tax crime in Uganda. This was one of the revelations at the launch of the “Tax Crimes and Proceeds Risk Assessment Report, 2024” in Kampala on Oct.24 by the Financial …
Read More »Traders clash with URA over EFRIS system
Some traders lack the digital skills to navigate the new system Kampala, Uganda | THE INDEPENDENT | Kampala’s Kikuubo trading hub was markedly quiet most of last week, a significant deviation from its usual bustling activity. The once vibrant shops, known for their colourful fabrics, utensils and scholastics were closed, with …
Read More »Gov’t fails to spend UGX2Trillion amidst revenue shortfall
Kampala, Uganda | THE INDEPENDENT | The Uganda Revenue Authority posted a revenue shortfall of 690.3 Billion Shillings in the first four months of the 2021/22 financial year with all tax-heads registering shortfalls except stamp duty. This meant that the government also had to adjust expenditure programs in line with the …
Read More »URA releases Kyagulanyi’s bullet proof vehicle on Museveni orders
Kampala, Uganda | THE INDEPENDENT | Robert Kyagulanyi Ssentamu alias Bobi Wine has received his bulletproof vehicle from Uganda Revenue Authority-URA. The tax body returned the vehicle that they impounded over tax issues following a directive from President Yoweri Kaguta Museveni. The tax body impounded the vehicle in April after court …
Read More »URA’s 30 year journey through 7 commissioner generals
Kampala, Uganda | THE INDEPENDENT | This year as the 2021-22 financial year starts, Uganda Revenue Authority (URA) marks 30 years since its creation, as part of the 1991 reforms which were aimed at improving government revenue collection. The tax body with Edward Larbi Siaw as the first commissioner general, collected …
Read More »URA records huge surplus collections, but quarter two might be hard
Kampala, Uganda | THE INDEPENDENT | The Uganda Revenue Authority has recorded a surprise surplus of more than 1 trillion Shillings in collections for the the first quarter of the financial year 2020/2021. In all the three months July to September, collections were above the target, reversing the high under-performing …
Read More »