Kampala, Uganda | THE INDEPENDENT | Eng. Micheal Odongo, the executive director Uganda Road Fund-URF has expressed concern about the funds allocated to the fund and failure by government to ope-rationalize alternative income sources for the fund. Addressing journalists at Kampala Capital City Authority-KCCA on Thursday, Odongo said their budget was …
Read More »COSASE cancels meeting amidst URA audit backlog
Kampala, Uganda | THE INDEPENDENT | Despite resuming the review of the audited accounts of Uganda Revenue Authority-URA on Thursday, the Committee on Commissions, Statutory Authorities and State Enterprises-COSASE still has a huge task ahead. The Committee has to review the URA audited accounts for the 2013/2014, 2014/2015, 2015/2016, 2016/2017 and …
Read More »URA rejects claims for tax deductions on expenditure on land leases
Kampala, Uganda | THE INDEPENDENT | Uganda Revenue Authority-URA has rejected claims from several companies and individuals that the money they spent on leasing land and rent payable on the same be counted as revenue expense to be deducted from their tax bill. Several companies filed their annual tax returns by …
Read More »Good jump! URA surpasses target
Commissioner General Doris Akol outlines plans for the FY 2019/2020 Kampala, Uganda | JULIUS BUSINGE | Uganda’s tax collection grew at an impressive 14.9% above target to Shs16.6trillion in the last Financial Year, the fastest pace recorded in the last four years. Results released on July 15 shows that the …
Read More »URA: Compliance, debt collection and fighting fraud yields sh383 bn
Kampala, Uganda | THE INDEPENDENT | Uganda Revenue Authority’s continued focus on compliance management, debt collection, customs enforcement and investigation of fraudulent schemes ensured the tax body saved sh383 billion in collections in 2018/19. Compliance initiatives yielded sh151.18 billion, debt recoveries brought in sh92.45 billion, customs enforcement had sh78.48 billion saved while investigations were …
Read More »Mak to close fees collection accounts
Kampala, Uganda | THE INDEPENDENT | Makerere University management has asked the university council to close all fees collection accounts of the university. This is after government through the Ministry of Finance, Planning and Economic Development assigned the country’s revenue authority –URA to take over fees collection in all public …
Read More »Police fails to account for UGX 1.2 billion NTR collections
Kampala, Uganda | THE INDEPENDENT | Police officials have failed to account for up to 1.2 billion shillings which was collected under Non-Tax Revenues during the financial year 2016/2017 and 2017/2018. Police’s Non-Tax Revenue is generated from express penalties, firearm certificates and guard fees. During the two financial years, the …
Read More »URA registers biggest surplus in history
Kampala, Uganda | THE INDEPENDENT | Uganda Revenue Authority collected 16.6 trillion Shillings, much more than it had estimated in the just-ended financial year. Against a target of sh16.4 trillion, the tax body registered a surplus of sh259 billion, the biggest in its entire history. Compared to the 2017/18 financial …
Read More »Kadaga bitter with URA for taxing albino lotion
Bududa, Uganda | THE INDEPENDENT | The speaker of Parliament has expressed her disappointment in Uganda Revenue Authority for continuing to levy taxes on the sun screen Lotion. Sun screen Lotion helps people living with Albinism against the sun rays that cause cancer. The speaker was speaking on Friday at …
Read More »Kadaga bitter with URA for taxing Albino lotion
Kampala, Uganda | THE INDEPENDENT | The speaker of Parliament has expressed her disappointment in Uganda Revenue Authority for continuing to levy taxes on the sunscreen lotion. Sunscreen Lotion helps people living with Albinism against the sun rays that cause cancer. The speaker was speaking on Friday at a thanksgiving ceremony …
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