Kampala, Uganda | THE INDEPENDENT | Uganda has joined the international chorus urging for the reform of international financial architecture. The Deputy Secretary to the Treasury, Patrick Ocailap says reforming the international financial architecture is imperative to give developing countries like Uganda a fair chance to turn its immense potential into …
Read More »URA rolls out voluntary disclosure of offshore interests
Kampala, Uganda | THE INDEPENDENT | Uganda Revenue Authority is rolling out a Voluntary Disclosure Program (VDP), urging people with offshore incomes and assets to disclose their holdings. The VDP is among the tax administration measures put in place by URA to ensure tax compliance and has been on for …
Read More »Covid-19 lockdowns, differences in tax policies complicates trade in EAC bloc
Experts, government suggest ways to easing trade among partner states Kampala, Uganda | JULIUS BUSINGE | There is a growing concern amongst the business community that the COVID-19 lockdown measures are a danger to business activities, and if not carefully eased, could make the situation worse going forward. This is …
Read More »Uganda’s Ministry of Finance cancels Christmas
Kampala, Uganda | THE INDEPENDENT | The Ministry of Finance has suspended any expenditure on this year’s Christmas and End of year parties because of increasing pressure on the economy. The Deputy Secretary to the Treasury Patrick Ocailap has written a memo to all finance officers of all the ministries, …
Read More »UEGCL saga: Muhakanizi audit blocked
Details of accusations against Isabalija emerge In what appears to be a continuing standoff between the Secretary to Treasury (ST), Keith Muhakanizi and officials of the Uganda Electricity Generation Company Ltd (UEGCL), The Independent has learnt that Muhakanizi was apparently blocked from auditing UEGCL accounts. The Independent has obtained a …
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