Kampala, Uganda | THE INDEPENDENT | Officials from the Finance Ministry on Wednesday failed to convince Members of Parliament sitting on the Finance Committee about a proposal for government to write off tax arrears amounting to 426 billion shillings. The figure is out of the 2.6 trillion shillings tax arrears …
Read More »Five reasons why Sh40 trillion budget is bad
Experts expose how Museveni is destroying economy Kampala, Uganda | HAGGAI MATSIKO | The budget this year is proving to be a headache. After years of borrowing to finance huge road and electricity projects, Ministry of Finance has a new pain – how to finance new huge defense and security …
Read More »URA rolls out Digital Tax Stamps to combat smuggling
Kampala, Uganda | THE INDEPENDENT | Uganda Revenue Authority (URA) has rolled out its digital tax stamps initiative geared at combating illicit trade and seal revenue leakages. Clare Musiime Bakanga, the URA head of change digital tracking solutions said many traders and businesses are being challenged by unfair competition …
Read More »URA seeks sh66bn additional funding
Kampala, Uganda | THE INDEPENDENT | Uganda Revenue Authority (URA) is seeking an additional funding of sh66.3 billion shillings to improve its operations. The request for more funds in the coming financial year 2019/2020 was on Thursday tabled before Parliament’s Finance Committee by the URA Commissioner General, Doris Akol. The …
Read More »URA registers UGX 12.1 trillion revenue collection
Kampala, Uganda | THE INDEPENDENT | Uganda Revenue Authority (URA) has so far registered a revenue collection of 12.16 trillion shillings in the current financial year 2018/2019. The collection registered as at March 2019 is part of the total 16.4 trillion shillings targeted revenue collection at the end of the …
Read More »Nakalema’s unit continues to bite
A State House Anti-Corruption Unit launched in December last year has continued to instill panic among public officials who swindle government money. Kampala, Uganda | THE INDEPENDENT | URA officials, town clerks, district administrators and others have all fallen prey. In the last week, the unit made a string of …
Read More »Museveni doubles military spending
Rwanda tension cited in supplementary budget, but why does govt want Shs1.5 trillion? Kampala, Uganda | HAGGAI MATSIKO | The government intends to push US$320 million (Approx.Shs1.2 trillion) worth of supplementary budgets through parliament in the next two months, The Independent can exclusively report. The money must be passed urgently before …
Read More »Online cargo clearance dividends
Coffee companies reap from URA’s Electronic Single Window System Kampala, Uganda | JULIUS BUSINGE | Coffee exporters are now realising the benefits of the Electronic Single Window system that was unveiled across the region four years ago. The Electronic Single Window is a computer aided system that enables companies to …
Read More »RWANDA: Uganda issues advisory
Kampala, Uganda | THE INDEPENDENT | The Ministry of Foreign Affairs has issued an advisory, outlining alternative routes in Rwanda. The advisory focused on the business community and the movement of goods to and through Rwanda. According to the advisory issued on Thursday, traders transporting goods destined to Rwanda from Uganda …
Read More »URA warns about stuck trucks, Rwanda yet to respond
Kampala, Uganda | THE INDEPENDENT | Uganda Revenue Authority has warned that goods on stuck trucks at the border could be lost, while others pose a danger. Many of the trucks are carrying perishable goods such as mangoes and cassava and others were carrying petroleum products. Ten Rwanda registered trucks, 47 …
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