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 …
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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. …
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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 …
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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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On Aug.29, Tullow’s proposed sale and purchase agreement stipulating the US$900 million farm down to its JV Partners, Total and CNOOC, was terminated. This news was followed a week later, on Sept. 05, with Total’s suspension of technical activities on its pipeline project—the EACOP. Pierre Jessua, the General Manager of …
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Kampala, Uganda | THE INDEPENDENT | Business grounded to a halt at Arua Park yesterday morning when Uganda National Bureau of Standards–UNBS officials raided People’s Plaza and Kati-Kati Plaza and impounded several cartons of sachet alcohol. The UNBS team was accompanied by Uganda Revenue Authority –URA officials and officers from …
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Kampala, Uganda | THE INDEPENDENT | Uganda Revenue Authority-URA is on the spot for not providing adequate information on tax matters to members of the public. At the tax appreciation show at Kololo on Thursday, taxpayers told URA that they were not receiving enough education on their tax matters to …
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Kampala, Uganda | THE INDEPENDENT | Uganda Revenue Authority (URA) realized less revenue last month with both domestic and international taxes performing poorly. According to Ministry of Finance filings for the month, collections in August were below target by 149 billion shillings. Overall, URA collected 1.4 trillion shillings in August, …
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Kampala, Uganda | THE INDEPENDENT | The Institute of Certified Public Accountants of Uganda (ICPAU) has advised smaller companies that cannot afford to hire expensive audit firms to prepare their accounts to make use of the cheaper auditors that the institute has certified. Stephen Ineget, the chairman of the Financial Reporting …
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How gross absurdities and misguided corruption fears have killed Uganda’s oil industry THE LAST WORD | ANDREW M. MWENDA | Uganda has been trying to get oil of out the ground for the last 12 years, having discovered reserves in 2007. Last week Tullow ended its proposed farm-down to CNOOC …
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The Independent Uganda: You get the Truth we Pay the Price