Kampala, Uganda | THE WORLD BANK| Improving tax revenue is essential to sustaining economic growth in Uganda, according to a recent economic analysis for the country. The Uganda Economic Update, Financing Growth and Development: Options for Raising More Domestic Revenues, says that while economic growth has rebounded from 4.5% to 5.5% …
Read More »CSOs ask MPs to reject new taxes on mobile money, social media
Kampala, Uganda | THE INDEPENDENT | The proposed introduction of new taxes on mobile money transactions and social media has met stiff rejection from civil society activists. Government has proposed to introduce a 10 percent final withholding tax on commissions by telecommunication companies to mobile money and airtime agents and Shillings …
Read More »Apple says will pay $38 bn in taxes on repatriated profits
San Francisco, United States | AFP | Apple announced Wednesday it would pay some $38 billion in taxes — likely the largest payment of its kind — on profits repatriated from overseas as it boosts investments in the United States. The iPhone maker said in a statement it plans to use …
Read More »Govt abolishes daily parking fees requirement for taxis, buses
Kampala, Uganda | THE INDEPENDENT | The Minister of Local Government Tom Butiime has announced that all daily parking fees for commercial vehicles across the country have been abolished. A new arrangement for monthly and annual payments has been put in place. Butiime also announced that privatisation of revenue collection to private entities and persons is …
Read More »URA eyes bigger taxpayer’s appreciation week with Museveni
Kampala, Uganda | JULIUS BUSINGE | President Yoweri Museveni is expected to attend this year’s Uganda Revenue Authority (URA) taxpayer’s appreciation week taking place from Sept. 27-29 at Kololo Independence Grounds. The 12th event is open for the general public. This time around, beyond URA sharing taxpayer information, other government ministries and …
Read More »COMMENT: Why the URA new home is critical
Kampala, Uganda | COMMENT | UGANDA MEDIA CENTRE | As Uganda Revenue Authority (URA) strives to improve customer service under the Modernisation Programme, using client centred approaches, there are several fragmented processes handled in different locations. URA incurs a lot of expenses on communication and travel between the various offices to …
Read More »Neymar offers to pay $2.5 million fine to Brazil tax authorities
Sao Paulo, Brazil | AFP | Brazilian football star Neymar is willing to pay a fine of $2.5 million to settle tax evasion allegations in his country, his lawyer said Friday. The 25-year-old wants to leave the fight with Brazilian authorities behind him as he prepares for a new professional …
Read More »URA Sh500bn short of target but sees 13% growth in revenue for FY2016/17
URA Sh500bn short of target but collects 12.7 trilltion- 13% growth in revenue for FY2016/17 Kampala, Uganda | JULIUS BUSINGE | Uganda Revenue Authority has today officially released its revenue performance for FY2016/17 indicating a 13.2% growth in revenue collection compared to the year before. According to the revenue performance report, Shs 12.7 trillion …
Read More »THIS WEEK: URA takes over collection of non tax revenues
THIS WEEK: URA takes over collection of non tax revenues Starting July, Uganda Revenue Authority (URA) will be collecting non tax revenue and appropriation in aid fees in form of express penalties, firearm certificates and guard fees that organizations like Police have been responsible for. In his budget speech, Finance …
Read More »LIVE: URA annual budget breakfast
Uganda Revenue Authority (URA) is today holding public budget breakfast meetings at four venues across the country – in Kampala, Mbale, Mbarara and Gulu. According to the Commissioner General of URA Doris Akol, “the budget breakfast being held today provides an opportunity to discuss and understand the new tax policy …
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