Kampala, Uganda | THE INDEPENDENT | Uganda Revenue Authority has announced a 14-day grace period for companies and individuals who have submitted fictitious returns to come forward and rectify or they are prosecuted. The grace period runs from November 14, 2019, to December 3, 2019. This comes after URA noticed …
Read More »URA locks horns with traders over paying taxes at port of entry
Kampala, Uganda | THE INDEPENDENT | A meeting between Uganda Revenue Authority-URA and traders in Kampala on Tuesday ended without a common resolution as traders accused URA officials of coming up with directives without consulting them. The meeting, which took place at Imperial Royale hotel in Kampala was organized by …
Read More »Court dismisses application challenging URA implementation of Digital Stamps
Kampala, Uganda | THE INDEPENDENT & URN | High Court has dismissed with costs an interim application seeking to block the government and Uganda Revenue Authority (URA) from implementing and enforcing the Digital Tracking Systems (Tax Stamps). Justice Musa Ssekaana of Civil Division of High Court on Tuesday dismissed the …
Read More »Riham and Leaf TC set the pace in Uganda with digital tax stamps
Kampala, Uganda | THE INDEPENDENT | Harris International (Riham) and Leaf Tobacco and Commodities have set the pace by being the manufacturers to commence stamping of their products using the newly introduced Digital Tax Stamps (DTS). Uganda on Friday started implementing a Digital Tracking Solution (DTS) for excise duty through the implementation …
Read More »Manufacturers given up to end of January to have digital stamps
Kampala, Uganda | THE INDEPENDENT | Manufacturers of different products have up to the end of January 2020 to clear stock of products without digital stamps. After that, all their products are expected to bear a stamp. The first goods expected to have stamps are beer, wines, spirits, sodas, bottled water, …
Read More »URA gives car dealers 2 months to sell off 15-year-old cars
Kampala, Uganda | THE INDEPENDENT | Car dealers with cars of 15 years and above in their bonds have been given up to December 31, 2019, to sell them or they are confiscated as contraband. In an October 28 letter to the used car dealers association chairman, Syan Sajjad Pervaiz, URA …
Read More »Uganda introduces Digital Tax stamps to boost revenue
Kampala, Uganda | THE INDEPENDENT | Government has given Uganda Revenue Authority (URA) the go ahead to introduce the long awaited Digital Tracking Solution (Digital Tax Stamps). Speaking at a joint press conference Friday with Uganda Manufacturers Association, The Prime Minister’s Office and Ministry of Finance, URA spokesman Vincent Seruma …
Read More »URA cancels VAT Registration for 1693 ineligible taxpayers
Kampala, Uganda | THE INDEPENDENT | Uganda Revenue Authority (URA) has effective 31st October 2019 cancelled Value Added Tax (VAT) registration of 1,693 taxpayers. The 1,693 taxpayers have been relived of the duty to charge VAT on their supplies. URA has mainly targeted taxpayers who do not file monthly returns, or …
Read More »URA recalls order on tax certificate to transfer Sh50 million abroad
Kampala, Uganda | THE INDEPENDENT | Doris Akol, the Uganda Revenue Authority-URA Commissioner General, has recalled the order that required individuals and corporations transferring sh50 million and more abroad to have a tax certificate. The order, which became public on Wednesday and had been issued by Commissioner Domestic Taxes Henry Saka, …
Read More »You now need tax certificates to transfer UGX 50M outside Uganda
Kampala, Uganda | THE INDEPENDENT | Uganda Revenue Authority has directed commercial banks and other money transfer firms not to transfer money amounting to Shillings 50 million outside without a tax certificate. This is a significant step to catch tax thieves or corporations that report loses to URA but then transfer …
Read More »