Tag Archives: ura

Kampala, Uganda | THE INDEPENDENT | Effective July 1st, 2022, used motor vehicles between nine and 12 years from the date of manufacture will be warehoused for a period not exceeding six months unlike in the past when they would take nine months. According to Uganda Revenue Authority-URA, vehicles older than 13 …

Kampala, Uganda | THE INDEPENDENT | The Uganda Revenue Authority-URA has revealed that Value Added Tax (VAT) of more than sh40 billion has not been remitted by different retail businesses since the electronic fiscal receipt invoicing system -EFRIS system was instituted. In the bid to maximize tax mobilization in the …

Finance ministry expects the tax agency to collect Shs22.3trillion in FY2021/22 Kampala, Uganda | JULIUS BUSINGE | Total tax collections for the nine months of FY2021/22 increased by Shs 1.4 trillion to Shs 15.4trillion compared to the same period last financial year, but fell short of the Shs16.5trillion target. The …

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 …

Kampala, Uganda | THE INDEPENDENT | Chinese doing business in Uganda have today engaged the Uganda Revenue Authority (URA) seeking clarification on several tax administration concerns, most notably how to get tax exemptions. In the meeting with URA officials, the business community under the Chinese Chamber of Commerce, Uganda SINOCHAM …

Kampala, Uganda | THE INDEPENDENT | Parliament on Wednesday passed the Excise Duty (Amendment), 2022, but rejected a proposal seeking to reduce tax on fuel. The proposal was carried in a minority report presented by Kampala Central MP, Muhammad Nsereko. Nsereko proposed that the excise duty on motor-spirit gasoline which …

| THE INDEPENDENT | Uganda government needs to carry out an audit to assess the impact of tax exemptions on Bujagali Hydropower Dam on the consumers prior to making any further extensions to minimise further revenue losses, according to civil society organisations. The CSOs under their umbrella organisation ‘The Tax …

Kampala, Uganda | THE INDEPENDENT | The government is rallying commercial banks and other financial institutions to help it increase tax revenues by ensuring more people are taxed. As the presentation of the 2022/23 national budget draws closer, the Uganda Revenue Authority figures show an uphill task if the agency is to …

Kampala, Uganda | THE INDEPENDENT | The Adhoc committee set up by parliament to review the proposed merger of several autonomous has asked the cabinet to reconsider the decision on some agencies. This is part of the recommendation in the Adhoc committee reports presented to the house by the Bukanga …

Kampala, Uganda | THE INDEPENDENT | The Igara County East MP, Michael Mawanda, is troubled about the modus operandi of implementing the digital stamps policy by the Uganda Revenue Authority. Digital tax stamps rolled out in November 2019 contain security features and codes to prevent counterfeiting of products and enable to track …