Kampala, Uganda | JULIUS BUSINGE | The Uganda Revenue Authority (URA) has reported a remarkable performance in its half-year revenue collection, surpassing its target for the July to December 2024 period. The tax authority collected Shs15.25trillion against the target of Shs 14.93 trillion, registering a surplus of Shs 322 billion and …
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KAMPALA, UGANDA | THE INDEPENDENT | The Uganda Revenue Authority (URA) has surpassed its expected revenue collection for the first half of the financial year 2024/25 by 322 billion Shillings. URA collected 15.2 billion between July and December 2024, surpassing its target of 14.9 billion Shillings. “This 102.16 percent achievement …
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Kampala, Uganda | THE INDEPENDENT | Uganda has outlined plans aimed at reducing its national debt starting in 2027 the year it is forecast to touch 53 percent of the value of the economy (GDP). The country’s national debt stands at 25.6 billion (93 trillion shillings) as of the end of …
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Kampala, Uganda | THE INDEPENDENT | The Uganda Revenue Authority (URA) has destroyed contraband cigarettes valued at sh1.6 billion that were seized from smugglers. The destruction took place on Wednesday at Luwero Industries Limited in Nakasongola District. According to a press statement by Robert Kalumba, Assistant Commissioner for Public …
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Kampala, Uganda | THE INDEPENDENT | The Government of Uganda has reaffirmed its commitment to leveraging digital innovations to bolster tax compliance, with Digital Tax Stamps (DTS) emerging as a cornerstone of this effort. Introduced in November 2019, DTS have played a critical role in enhancing transparency, combating tax evasion, …
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URA saves over $1m in escort costs, transit time from Mombasa reduced ANALYSIS | IAN KATUSIIME | Digital trade interventions like East Africa’s regional electronic cargo tracking systems (RECTS), and Uganda’s national electronic single window (UeSW) have been praised for enhancing trade, improving revenue collection, and saving traders millions of traders …
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Kampala, Uganda | THE INDEPENDENT | The Government of Uganda has reaffirmed its commitment to the Digital Tax Stamps (DTS) program, emphasizing its role in strengthening tax compliance and market integrity. Isaac Arinaitwe, the Ministry of Finance’s Principal Economist, explained that the DTS program, launched in 2019, has been …
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KAMPALA, UGANDA| THE INDEPENDENT | Suppliers of Uganda Revenue Authority (URA) have been briefed on the new URA online bidding systems and the updated Public Procurement and Disposal of Public Assets Authority (PPDA) Act. This follows numerous supplier concerns regarding previous processes. Kenneth Namanya, URA’s Database Manager informed suppliers that URA …
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Entebbe, Uganda | THE INDEPENDENT | Members of Parliament on the Finance Committee have called upon Ugandan manufacturers to adhere to the country’s taxation regime, particularly regarding Digital Tax Stamps (DTS). The call came during a recent meeting with representatives from the Private Sector Foundation Uganda (PSFU), who raised concerns …
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Looking to tough, new compliance, enforcement COVER STORY | RONALD MUSOKE | Value Added Tax (VAT) fraud is the most prevalent tax crime in Uganda. This was one of the revelations at the launch of the “Tax Crimes and Proceeds Risk Assessment Report, 2024” in Kampala on Oct.24 by the Financial …
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The Independent Uganda: You get the Truth we Pay the Price