Kampala, Uganda | THE INDEPENDENT | To maximize tax collection, Uganda Revenue Authority has established mechanisms to start collecting VAT from non-resident service provider companies operating in the Ugandan economy. Collection of VAT from these companies is starting effective 1st July 2022, and will focus on all electronic service providers. These …
Read More »URA recovers UGX 79Bn from smuggled goods
Kampala, Uganda | THE INDEPENDENT | Uganda Revenue Authority-URA has recovered Shillings 79 billion from contraband goods impounded on their way to the country. Julius Nkwasile Mponoka, the Assistant Commissioner in charge of enforcement at URA, says that the commodities were impounded in June 2022 under their operation dubbed “Zabike”. He explained …
Read More »URA opens air cargo control unit at Entebbe Airport
Kampala, Uganda | THE INDEPENDENT | Uganda Revenue Authority-URA has unveiled the Air Cargo Control Unit at Entebbe International Airport. Located at the new cargo center, the unit is the central office for officials from URA, Uganda Wildlife Authority-UWA, Aviation Police, Aviation Security, and Uganda Civil Aviation Authority-UCAA. The team leader …
Read More »URA adopts new warehousing policy for used vehicles
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 …
Read More »VAT: Supermarkets fail to remit billions to URA
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 …
Read More »URA’s nine-month tax collection hit Shs15.4tn
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 …
Read More »Health, education take largest share in Sh48 trillion approved Uganda budget
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 …
Read More »Chinese business community seek clarity on Uganda tax exemptions
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 …
Read More »Parliament passes Excise Duty Amendment Bill, no reduction of fuel tax
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 …
Read More »CSOs urge government to audit Bujagali Dam tax incentives
| 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 …
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