Kampala, Uganda | THE INDEPENDENT | Uganda Revenue Authority-URA has launched an operation to impound motorcycles with Kenyan number plates that are operating in parts of Eastern Uganda. The operation which is underway in the districts of Busia, Malaba and Tororo will also be extended to Lwakhakha in Namisindwa and Amudat …
Read More »Uganda’s proposed Shs45.6bn budget concerns
Budget analysts suggests that government focuses on domestic revenue mobilisation and external borrowing to boost economy in FY2021/2022 Kampala, Uganda | JULIUS BUSINGE | Coronavirus pandemic, economy, donor support, government spending are the main factors that will determine the design, implementation and success of the new budget for FY2021/22, according …
Read More »Electronic receipts: Consumers to foot costs
Kampala, Uganda | THE INDEPENDENT | As Uganda Revenue Authority implements the Electronic Fiscal Receipting and Invoicing Solution (EFRIS), traders and other taxpaying companies fear that the cost of doing business will increase. The URA has got a go-ahead to continue implementing EFRIS, after the High Court dismissed a petition …
Read More »URA makes surplus collections in first half of 2020/2021
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 …
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