Kampala, Uganda | THE INDEPENDENT | Government taxes took yet another hit in November as Uganda Revenue Authority (URA) collected less than the target at the time when there is decry over consistent poor tax performance. A Ministry of Finance November 2019 report on the performance of the economy shows …
Read More »Uganda ahead of Kenya, Tanzania in ease of paying taxes
Kampala, Uganda | THE INDEPENDENT | Uganda has been ranked ahead of Tanzania and Kenya in the ease with which individuals and investors can file and pay their taxes. According to the Paying Taxes 2020 report by audit firm PricewaterhouseCoopers (PWC) and the World Bank, Uganda is at position 92nd out …
Read More »UNBS starts to bite, wants all imports Certified before taxation
Kampala, Uganda | THE INDEPENDENT | The Uganda National Bureau of Standards-UNBS has proposed that Uganda Revenue Authority-URA should tax only imports that have been certified by the standards body. UNBS is mandated to develop, promote and enforce standards to ensure competitiveness of locally manufactured products and to protect the health and safety of consumers …
Read More »AMREF Africa CEO calls for increased taxes on sugar
Kampala, Uganda | THE INDEPENDENT | The global Chief Executive Officer of international NGO, AMREF Africa, Dr. Gitahi Githinji, has called for legislation on fast foods and sugar if Uganda is to tackle the growing public health threat of Non-Communicable Diseases (NCDs). He said recent statistics are showing that globally …
Read More »URA gives car dealers 2 months to sell off 15-year-old cars
Kampala, Uganda | THE INDEPENDENT | Car dealers with cars of 15 years and above in their bonds have been given up to December 31, 2019, to sell them or they are confiscated as contraband. In an October 28 letter to the used car dealers association chairman, Syan Sajjad Pervaiz, URA …
Read More »URA cancels VAT Registration for 1693 ineligible taxpayers
Kampala, Uganda | THE INDEPENDENT | Uganda Revenue Authority (URA) has effective 31st October 2019 cancelled Value Added Tax (VAT) registration of 1,693 taxpayers. The 1,693 taxpayers have been relived of the duty to charge VAT on their supplies. URA has mainly targeted taxpayers who do not file monthly returns, or …
Read More »URA temporarily suspends new rules on import clearance
Kampala, Uganda | THE INDEPENDENT | City traders have suspended their planned strike after agreeing with Uganda Revenue Authority-URA to temporarily suspend it directive stopping them from putting their goods in customs warehouses in Mombasa and compel them to pay taxes immediately they reach the port entry. The directive, which had …
Read More »Uganda reviewing double taxation agreements to stop tax leakages
Kampala, Uganda | THE INDEPENDENT | Uganda has started revising double taxation agreements it has with developed countries to plug tax loopholes that many corporations have been using to evade taxes. Double taxation agreements govern which country has the right to tax corporate profit when a company has subsidiaries …
Read More »URA gazettes more goods not eligible for Customs Warehousing
Kampala, Uganda | THE INDEPENDENT | Ugandan importers have accused Uganda Revenue Authority – URA of making it hard for them to trade after it said some goods, including footwear, motor vehicle tyres and garments of any kind would not be eligible for customs warehousing. URA said in a notice …
Read More »E-LogRev: Uganda rolls out new Electronic Revenue Management System
Kampala, Uganda | THE INDEPENDENT | The Ministry of Local Government has rolled out the automated Revenue Management System, e-logRev aimed at increasing revenue collections. The online tool is used for local taxpayers’ registration, payment assessments, e-payment, reconciliation, enforcement, reporting and integration with other government agencies. The system was launched …
Read More »