Lugazi, Uganda | THE INDEPENDENT | Lugazi municipal council probe committee has pinned town agents for failing the planned realization of local revenue. The thieving agents have gone overboard to the extent that now only 35% of the expected revenue is declared as collected. The probe committee was formed in the …
Read More »Mbarara city to adopt new policy to increase local revenue
Mbarara, Uganda | THE INDEPENDENT | Mbarara City Council has resolved to adopt a new charging policy to help improve its local revenue base for the 2022/23 financial year. The charging policy will see an increase in fees and licenses for specified businesses and activities. Mbarara City Council budget is largely …
Read More »Arua district registers low revenue collections
Arua, Uganda | THE INDEPENDENT | Arua district has recorded a significant reduction in local revenue collections, one month to the end of the financial year. The district had planned to collect 426 Million Shillings but they managed to collect only 185 Million Shillings. Solomon Anguzu, the Secretary of Finance and …
Read More »Health, education take largest share in Sh48 trillion approved Uganda budget
NEWS ANALYSIS | THE INDEPENDENT | Uganda’s Sh48.13 trillion National Budget has been approved by Parliament today. The approved budget has increased by sh5 trillion from the current financial year budget. Over half of this money is expected to come from domestic revenue collection with Government targeting a collection of …
Read More »Museveni woos Turkish investors to Uganda
Kampala, Uganda | THE INDEPENDENT | President Yoweri Museveni has said he doesn’t care who owns what business in Uganda for as long as the businesses are generating revenue for the country. Speaking to the Deputy Minister of Trade in Turkey, Riza Tuna Turagay at the sidelines of the ongoing Uganda-Turkey …
Read More »MPs pass motion on comprehensive tax policy
Kampala, Uganda | THE INDEPENDENT | Legislators have passed a motion urging government to develop a document that will be comprehensive on the taxation policy. At a plenary sitting chaired by the Deputy Speaker, Thomas Tayebwa, on Thursday 05 May 2022, the Buyamba County MP, Gyaviira Ssemwanga, was concerned that the …
Read More »Communities surrounding Murchison Falls Park share Shs2.9bn tourism revenues
Masindi, Uganda | Ronald Musoke | On April 29, the Uganda Wildlife Authority (UWA) handed over Shs2.9bn to the heads of local government from the five districts that neighbor Murchison Falls Protected Area. This conservation zone found in northwestern Uganda comprises Murchison Falls National Park, Karuma Wildlife Reserve and Bugungu Wildlife …
Read More »Lira district registers low local revenue
Lira, Uganda | THE INDEPENDENT | Lira district has recorded a reduction in local revenue collected which has affected activities. In the past three financial years, the district has collected less than what it projected. For instance, in 2019/2020, the district collected 245 Million Shillings out of the estimated 393 Million …
Read More »Night economy helps URA surpass its target
Kampala, Uganda | THE INDEPENDENT | URA has partly attributed the recent excessive revenue collection of the third quarter of the financial year 2021/22 to the resumption of the night economy and the full reopening of the entire economy. Between January and March this year, URA collected 1,834.37 Billion Shillings against a …
Read More »Kitgum municipality struggles to raise local revenue
Kitgum, Uganda | THE INDEPENDENT | Kitgum municipality has recorded low local revenue, months after adopting the Integrated Revenue Administration System (IRAS). IRAS is a method of revenue collection aimed at having a joint revenue collection system, that solves all the requirements in tax management in all local governments. It replaced …
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