However, the industry has recorded growth in premiums Kampala, Uganda | ISAAC KHISA | It is no secret that the concept of insurance is pretty simple. In the exchange for a premium, an insurance firm agrees to compensate a policy holder for a specified loss, damage, illness, or death caused …
Read More »Traders to March in protest of URA rules
Kampala, Uganda | THE INDEPENDENT | Kampala traders will on Tuesday march in protest of import rules by Uganda Revenue Authority-URA which they say has made it impossible for them to do business. The march, according to Kampala City Traders’ Association (Kacita) executive director Everest Kayondo, will involve clearing agents, …
Read More »Gov’t to meet cost of digital tax stamps for one year
Kampala, Uganda | THE INDEPENDENT | The government has agreed in principle to foot the bill for the installation of digital tax stamps equipment and the stamps themselves for manufacturers for at least one year. Uganda Revenue Authority had set November 1 as the deadline for companies to install the …
Read More »African tax administrators to discuss ways to tax digital economy
Kampala, Uganda | THE INDEPENDENT | Puzzled by difficulty of taxing the digital economy, African revenue collectors will sit in Kampala next month to discuss how best they can squeeze revenue from the business that run mostly on the internet. Through their umbrella African Tax Administration Forum (ATAF), the leaders from …
Read More »URA gazettes more goods not eligible for customs warehousing
Kampala, Uganda | THE INDEPENDENT | Ugandan importers have accused Uganda Revenue Authority – URA of making it hard for them to trade after it said some goods, including footwear, motor vehicle tyres and garments of any kind would not be eligible for customs warehousing. URA said in a notice last …
Read More »URA gazettes more goods not eligible for Customs Warehousing
Kampala, Uganda | THE INDEPENDENT | Ugandan importers have accused Uganda Revenue Authority – URA of making it hard for them to trade after it said some goods, including footwear, motor vehicle tyres and garments of any kind would not be eligible for customs warehousing. URA said in a notice …
Read More »DIGITAL TRACKING: A milestone for trade facilitation
DORIS AKOL: How IFFs reduce and eliminate growth benefits and undermine the development potential of our economies. COMMENT | DORIS AKOL | Illicit Financial Outflows (IFFs) are a major source of leakage of economic value from African economies. Illicit Financial Flows (IFFs) can be traced back to commercial activities such as …
Read More »URA tells importers to pay for declared goods within 72 hours
Kampala, Uganda | THE INDEPENDENT | Uganda Revenue Authority (URA) has ordered all importers to pay for the goods imported for home consumption within 72 hours after declaration or they face fines. This is a reduction from the 21-day lag that the importers had, in order to clear the duties. …
Read More »Three arrested for robbing URA official
Kampala, Uganda | THE INDEPENDENT | Police in Kampala have arrested three men on allegations of robbing an employee of Uganda Revenue Authority –URA. Deputy Kampala Metropolitan Police spokesperson, Luke Owoyesigyire, said thugs armed with machetes and knives, raided Cyprus Mugabi’s home in Kasangati where they robbed various items including …
Read More »President Museveni blasts URA over VAT refund delays to manufacturers
Kampala, Uganda | THE INDEPENDENT | President Yoweri Kaguta Museveni has used the Uganda Manufacturers’ Association (UMA) exhibition to blast the Uganda Revenue Authority (URA) leadership for not being forthcoming on the needs of the manufacturers. Museveni, who officially opened the show at Lugogo on Monday, first entered a closed …
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