FEAFFA Partners with Trademark East Africa for the EACFFPC training’s Second Phase Kampala, Uganda | THE INDEPENDENT | With an eye on reducing cost of trade in the region, stake holders in the logistics sector have stepped up specialized training for key personnel in Uganda. A programme to offer …
Read More »BATU beats COVID-19 to post Shs19.9bn net profit
The government takes a huge chunk of revenues as taxes to reduce tobacco smoking Kampala, Uganda | THE INDEPENDENT | British American Tobacco Uganda has defied the effects of coronavirus pandemic to record a 27% surge in net profit to Shs19.9bn for the year ended December 2020. BATU will now …
Read More »Electronic receipts: Consumers to foot costs
Kampala, Uganda | THE INDEPENDENT | As Uganda Revenue Authority implements the Electronic Fiscal Receipting and Invoicing Solution (EFRIS), traders and other taxpaying companies fear that the cost of doing business will increase. The URA has got a go-ahead to continue implementing EFRIS, after the High Court dismissed a petition …
Read More »URA makes surplus collections in first half of 2020/2021
Kampala, Uganda | THE INDEPENDENT | Uganda Revenue Authority has hit above the revenue collections target set by the Ministry of Finance, Planning and Economic Development for the first half of the year 2020/2021. The ministry had initially told URA to collect Shs 21.6 trillion for the year, but after evaluating …
Read More »ULGA wants local revenue policy to boost service delivery
Kampala, Uganda | THE INDEPENDENT | The Uganda Local Government Association (ULGA) wants the government to put in place a local revenue policy to harmonize challenges faced by local governments in local revenue collection and management. Speaking at a local government leader’s breakfast meeting organized by Action Aid Uganda on Friday, …
Read More »NSWC losing Shs 3 billion monthly in revenue
Kampala, Uganda | THE INDEPENDENT | National Water and Sewage Corporation is losing at least shillings 3 billion every month in collected revenue since government enforced measures to forestall the spread of COVID-19. According to the organization’s boss, normally the company collects 38 billion every month from customers nationwide in revenue. …
Read More »Jumia seeks partnerships with Chinese suppliers to boost revenue
Nairobi, Kenya | Xinhua | Africa’s e-commerce platform Jumia is looking to increase partnerships with Chinese suppliers in order to boost its revenue streams, the company said on Thursday. Sam Chappatte, CEO of Jumia Kenya, told Xinhua in Nairobi that China is an efficient producer of goods and therefore many of …
Read More »East Africa losing revenue due to low investments in value addition
Nairobi, Kenya | Xinhua | The East African Community (EAC) is losing revenue due to low investments in value addition of horticulture and leather produced in the region, says a report released on Thursday. According to the report by East African Business Council (EABC), a private business lobby of …
Read More »Kaabong to tax artisanal miners to boost local revenue
Kaabong, Uganda | THE INDEPENDENT | Kaabong district authorities have announced plans to tax artisanal miners in the district. This follows several requests by the miners and residents requesting for improved service delivery. The miners want the district to construct water sources in the mining areas. Albine Dwo, the district …
Read More »AU says COVID-19 pandemic amplifies Africa’s need to expand resource mobilization base
Addis Ababa, Ethiopia | XINHUA | The African Union (AU) Commission on Wednesday said that the ongoing COVID-19 pandemic has amplified Africa’s need to expand resource mobilization base. “Already African countries are reporting a reduction in tax revenues, especially from the non-digitalized sectors. The decline in the prices and demand …
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