Researches, experts say there is limited evidence to show these offers attract investors Kampala, Uganda | PATRICIA AKANKWATSA | Tax incentives are part of Uganda government’s top priorities for attracting foreign investors and new businesses. From prospective investments in agribusiness to hospitality, and from steel to textile industries, tax incentives …
Read More »BoU multi-billion currency saga
What went wrong? Kampala, Uganda | HAGGAI MATSIKO | “This is a serious issue,” muttered Bank of Uganda Governor Tumusiime Mutebile when he heard about at it. A plane chartered to transport new currency notes to Uganda from France had on April 27 landed at Entebbe Airport with cargo not …
Read More »URA intercepts Kenyan truck carrying two men in containers
Kampala, Uganda | THE INDEPENDENT | Uganda Revenue Authority’s new scanners at the borders have started bearing fruit, as early today the tax collectors intercepted a Kenyan registered truck at Busia border smuggling two people in boxes into Uganda. URA says the truck registration number KCT 230T reached Busia border …
Read More »CAA officials tasked to explain role in BoU currency saga
Kampala, Uganda | THE INDEPENDENT | The Civil Aviation Authority –CAA never dealt directly with the Central Bank on matters relating to a chartered plane that was carrying Printed currency notes from abroad. The clarification came in relation to questionable cargo that was found on a plane chartered to deliver …
Read More »BoU currency scam probe extended to regional currency centres
Kampala, Uganda | THE INDEPENDENT | Investigations into the extra cargo that was loaded on a Bank of Uganda (BoU) chattered plane have been extended to currency centres in Mbale, Kabale and Fort Portal. A Senior detective at the Criminal Investigations Department has intimated to Uganda Radio Network (URN), that …
Read More »Kasaija’s budget transparency initiative
It aims at putting citizens at the centre of its formulation, implementation Kampala, Uganda | JULIUS BUSINGE | “The budget is no longer interesting to us. We no longer listen to it because it does not give information that we want as farmers. Many years ago, the minister would read …
Read More »URA bans informal trade at Uganda-Tanzania border
Kampala, Uganda | THE INDEPENDENT | Uganda Revenue Authority-URA has banned all forms of informal cross-border trade at the Uganda-Tanzania border point of Mutukula. A number of people operating as informal traders have been bringing in small quantities of goods each time they cross from Tanzania through Mutukula border without …
Read More »Inside URA’s proposed customs taxes
Local consumers and businesses – not the exporting countries – will pay the price Kampala, Uganda | ISAAC KHISA | The good news coming from the Nakawa-based Uganda Revenue Authority (URA) is that local firms, will effective July this year, be protected from external competition as government increases taxes on …
Read More »Museveni locks out oil investors
It’s Total disaster Kampala, Uganda | HAGGAI MATSIKO | Uganda’s oil sector has been thrown into another toss up after President Yoweri Museveni cancelled a highly anticipated meeting on June 05 between him and oil production company executives; The Independent can exclusively report. The meeting was to be a …
Read More »BOU and CAA officials detained
Kampala, Uganda | THE INDEPENDENT | Several officials from the Bank of Uganda and the Civil Aviation Authority are being questioned following an anomaly with a consignment belonging to the central bank. In a statement this afternoon, signed by the Governor Emmanuel Mutebile, The Central Bank didn’t mention the officials but …
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