Tag Archives: revenue

Kampala, Uganda | THE INDEPENDENT | The International Monetary Fund (IMF) has reached an agreement with the Ugandan government for a release of about 240 million US Dollars (873.8 billion Shillings) in financing to the country. The agreement which is subject to approval by the IMF Board, is part of the …

Kampala, Uganda | THE INDEPENDENT | There are great expectations among the citizens and investors from the development of an oil refinery in Uganda. It is predicted to boost the region’s refining capacity and ensure a consistent supply of petroleum products. President Museveni says the investment in a refinery will improve …

Luwero, Uganda | THE INDEPENDENT | Luwero district has rolled out the electronic tax administration system so as to fight leakages and enhance revenue collections. In the financial year 2021/22, urban councils and the district collected 2.4 out of 4.063 billion shillings target as local revenue. At least 1.7 billion shillings …

Kampala, Uganda | THE INDEPENDENT | The Uganda Revenue Authority (URA) has registered an increase in revenue collection at Katuna following the reopening of the Uganda-Rwanda border. The border reopened on February 31, after three years of closure. Rwandan President Paul Kagame accused Ugandan authorities of spying on Rwanda, abducting Rwandan citizens …

Gulu, Uganda | THE INDEPENDENT | The State House Anti-Corruption Unit has arrested six officials of Gulu City Council over allegations of embezzling over 200 million shillings in local revenue. The suspects were picked up on Thursday by plain cloth police officers backed by Internal Security Organization personnel in Gulu city. They …

Kampala, Uganda | THE INDEPENDENT | The Uganda Revenue Authority-URA is concerned about the increasing non-compliance of taxpayers in the country. Speaking during the post-budget conference in Fort Portal, Julius Nkwasire, the Assistant Commissioner of Customs said about 7 million people are in business but not meeting their tax obligations. According …

Kampala, Uganda | THE INDEPENDENT | Parliament’s Committee on Budget has asked Uganda’s High Commission in Kenya to maintain government properties in good shape so that they can generate sufficient revenue to finance the national budget. In a meeting with High Commission officials in Nairobi led by Head of Mission, Ambassador …

Kampala, Uganda | THE INDEPENDENT | Uganda Revenue Authority must collect 2 trillion shillings in less than 10 days left to the end of the financial year, but the tax body is worried of emerging cross-border conflicts between neighbors. This is one of the challenges that the East African countries are …

Kampala, Uganda | THE INDEPENDENT | To maximize tax collection, Uganda Revenue Authority has established mechanisms to start collecting VAT from non-resident service provider companies operating in the Ugandan economy. Collection of VAT from these companies is starting effective 1st July 2022, and will focus on all electronic service providers. These …

Mbarara, Uganda | THE INDEPENDENT | Mbarara City Council has created an independent department that will boost the collection of local revenue. Local revenue collection was under the office of Finance and Planning and was controlled by the Principal Finance Officer. The new revenue department will now be managed by the …