Kampala, Uganda | THE INDEPENDENT | Uganda Revenue Authority has hit above the revenue collections target set by the Ministry of Finance, Planning and Economic Development for the first half of the year 2020/2021. The ministry had initially told URA to collect Shs 21.6 trillion for the year, but after evaluating …
Read More »URA storms Kassanda gold mining area for taxes
Kampala, Uganda | THE INDEPENDENT | Uganda Revenue Authority-URA officials have stormed several gold mining sites in Kassanda district pursuing taxes from artisanal miners. The team led by Jamil Senyonga, the manager in charge of tax literacy claims that the gold miners have consistently evaded taxes and left the burden to …
Read More »Businesses can succeed during and after COVID-19
Top executives at PSFU, Centenary Bank and NSSF share ideas Kampala, Uganda | JULIUS BUSINGE | These are tough times. New strategies have to be designed and implemented by business managers to achieve success during and post-COVID-19 era. This was the general message that came out of the speeches of …
Read More »URA raises red flag on smuggling at Elegu
Kampala, Uganda | THE INDEPENDENT | Uganda Revenue Authority – URA has raised a red flag against smuggling of goods in Elegu, the porous Uganda-South Sudan border. Elegu is one of Uganda’s five high volume border entry points after Mutukula (Uganda – Tanzania), Malaba and Busia (Uganda-Kenya) and Mirama Hills at …
Read More »URA’s domestic VAT battle
Kampala, Uganda | THE INDEPENDENT | Margaret Rwaheru Akiiki and her fellow complainants will have to wait a little longer to know whether they are entitled to the billions of shillings in refund by Uganda Revenue Authority-URA arising from a court ruling last week. According to the URA, it’s not yet …
Read More »Blow to URA as interest paid to pensioners is now tax exempt
The taxman had expected to collect Shs42.5bn in principal and penal tax from NSSF contributors Kampala, Uganda | JULIUS BUSINGE | It became official on Nov. 02 that the National Social Security Fund will not be remitting income tax to Uganda Revenue Authority on the interest rate that it pays …
Read More »NSSF interest to savers cannot be taxed – Court
Kampala, Uganda | THE INDEPENDENT | The National Social Security Fund has won a landmark case that has saved workers saving up to 43 billion shillings. Uganda Revenue Authority had written to NSSF seven years ago, informing the agency that the interest paid to members accounts is accepted as an …
Read More »Civil society proposals for revamping the economy
Reforms cover public debt, interest rates, taxation and public spending Kampala, Uganda | JULIUS BUSINGE | A group of civil society organisations under their umbrella organization Civil Society Budget Advocacy Group (CSBAG) have presented a list of budget proposals to government that they think can jumpstart the economy that has …
Read More »Touching the ‘untouchables’
Can Lt. Col. Nakalema do it? Kampala, Uganda | RONALD MUSOKE | For almost two years now since she was appointed to head the State House Anti-Corruption Unit, Lt. Col. Edith Nakalema has been a busy woman crisscrossing the country in her fight against corrupt public officials. Nakalema, who was …
Read More »URA to assess impact of tax exemptions
Kampala, Uganda | THE INDEPENDENT | The Uganda Revenue Authority- URA has commissioned a study to gauge the impact of tax exemptions on the economy. The study will influence policy changes in the next financial year. Government provides tax exemptions especially in areas of Agriculture, manufacturing, construction, information and communication technology , …
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