Tag Archives: ura

Uganda Revenue Authority has explained the circumstances under which several government officials were rewarded for helping win the 2014 capital gains tax case against UK based oil company Heritage. “It is standard international best practice for employees to receive bonus payments/ or honoraria for exemplary performance in both the public …

VIDEO: Legislators have condemned a reward of sh7 billion of oil money given to senior government officials after they won an oil tax case against Heritage Oil.  The legislators under a loose coalition dubbed; “NRM Members of Parliament Think-tank”want the Speaker of Parliament Rebecca Kadaga to cause an investigation into …

COMMENT BY: Badru Walusansa Facilitate transition from education the world of work by passing on work skills and industry competencies Graduate unemployment in Uganda is stale news. Graduate unemployment figures have significantly soared for the last decade leaving no sign of scaling down. Every year, both public and private universities …

The latest threat to commercial banking? At the end of November 2016, the Uganda Revenue Authority’s staff Savings and Credit Cooperative (SACCO) held up to Shs12.6 billion on its account as the cumulative savings of its members.That amount is triple the minimum capital requirement to start a Tier II bank …

VIDEO: African Tax administrators have called for the need to strengthen Value Added Tax Administration on the continent to increase tax revenues. Uganda Revenue Authority Commissioner General Doris Akol says improving domestic Revenue Collection, is the only way African tax bodies can combat tax evasion. Akol was speaking during the 17th …

Parliament on Tuesday defied President Yoweri Museveni’s directive to have the Income Tax (Amendment) Bill, 2016 amended to allow MPs’ allowances to be taxed. “The Committee recommends that the Tax Bill be passed in its current form, and be sent back to the president for assent,” Henry Musasizi, the chairperson …

Single Electronic Window: The new system will see a 30% reduction in transaction costs for the private sector Uganda Revenue Authority (URA) has launched the Uganda Single Electronic Window system. The new system will see a 30% reduction in transaction costs for the private sector, writes Juddie Kilungu. It will also …

Uganda Revenue Authority (URA) Commissioner General Doris Akol has encouraged entrepreneurs and businesses to not only plan for marketing, rent, wages and transport costs, but also taxes, that eventually determine the survival of their enterprise. “Businesses need to start looking at tax as another cost of operation. My advice to …

Uganda has been re-elected member of the African Tax Administration Forum (ATAF) council at the ongoing General Assembly in Durban, South Africa. The country’s revenue authority URA also won two awards, coming top in Africa in the 2016 Innovation Awards in Customer Service and the Innovation Awards for Modernization. The new ATAF Council elected for …

URA at 25: Experts salute URA but warn of a mountain to climb to lift tax:GDP ratio from miserable 12% On September 20, Uganda Revenue Authority (URA) across the country replaced their shirts and tops with T-shirts inscribed with the words: “Believe there is good in the world” and headed …