URA should make personal income taxes more progressive by raising PAYE entry threshold Kampala, Uganda | JULIUS BUSINGE | A new report published by Oxfam, Southern and Eastern Africa Trade Information and Negotiations Institute and other non-governmental organisations has identified gaps related to gender taxation, policy and administration, and that …
Read More »Night economy helps URA surpass its target
Kampala, Uganda | THE INDEPENDENT | URA has partly attributed the recent excessive revenue collection of the third quarter of the financial year 2021/22 to the resumption of the night economy and the full reopening of the entire economy. Between January and March this year, URA collected 1,834.37 Billion Shillings against a …
Read More »KARUHANGA: Local companies also need support
Kampala, Uganda | THE INDEPENDENT | Investors in the Oil and Gas related business are crying foul over the attitude of Uganda commercial banks towards them when they approach them to finance their projects. The local investors, who are mainly Tier 2 and 3 contractors in the industry, say most …
Read More »Gov’t advised to change tax systems amid low revenue collections
Kampala, Uganda | THE INDEPENDENT | An expert study has recommended that the Uganda Revenue Authority be transformed into a statutory agency with more powers on the policies that govern tax administration. Currently, the URA lies under the direct supervision of the Ministry of Finance, Planning and Economic Development, which is …
Read More »Up to UGX 172 Billion uncollected from vehicle warehouses: URA
Kampala, Uganda | THE INDEPENDENT | Uganda Revenue Authority-URA is finding it difficult to collect up to Shillings 172 billion from used vehicles in bonded warehouses using the current tax administration system. According to the current system, all imported vehicles are required to pay taxes in a period not exceeding 9 …
Read More »URA warns of UGX 4.3 Trillion revenue losses due to budget shortfalls
Kampala, Uganda | THE INDEPENDENT | Uganda Revenue Authority (URA) officials have told Members of Parliament that 4.3 trillion Shillings projected revenue is to be foregone due to different unfunded interventions in the coming financial year 2022/2023. Led by John Musinguzi, the Commissioner General, officials from URA on Monday appeared before …
Read More »Dealers protest URA notice on used cars
Kampala, Uganda | THE INDEPENDENT | Second-hand car dealers are pushing for the halt of implementation of the East African single customs territory regulations on the importation of used cars with 9 years or above since the date of manufacturing. As per the URA notice, effective 1st July 2022, there will …
Read More »Boosting tax compliance
Uganda study shows text messages can work | ISABELLE COHEN | Every government needs money to fund its political, social and economic duties. Much of what they spend is generated from taxes, fines and sales of public goods and services. The exchange of these revenues for government services is at …
Read More »Battling illicit trade
Private sector wants government to up game to protect genuine manufacturers Kampala, Uganda | THE INDEPENDENT | Ugandan companies including Unilever, Uganda Breweries Limited and BAT Uganda are carrying out sensitisation workshops countrywide to weed out illicit trade. Joanita Menya Mukasa, the managing director for Unilever Uganda said on March.16 …
Read More »URA lost UGX14Bn due to Katuna border closure
Kampala, Uganda | THE INDEPENDENT | Uganda Revenue Authority-URA lost over fourteen billion shillings in revenue collections owing to the three-year closure of the Uganda-Rwanda border post of Katuna. Rwanda on Monday this week fully reopened its land borders with Uganda. The Rwandan authorities had partially reopened the border on January …
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