Tag Archives: VAT

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 …

Kampala, Uganda | THE INDEPENDENT |  The Public Accounts Committee (PAC) has directed Finance Ministry to start the process of renegotiating an agreement with an Edible Oil Refinery company-which is in the country to develop the palm oil industry. Government through the Finance Ministry in 2003 entered an agreement with the …

Kampala, Uganda | THE INDEPENDENT | Some companies leave the country immediately their tax incentives expire. This is according to a new study by the Economic Policy Research Centre-EPRC. A study conducted in April 2019 but examined tax incentives given to companies from 2010/2011 to 2018/19 financial years, shows that …

Kampala, Uganda | THE INDEPENDENT | Parliament has passed the Value Added (Amendment) Tax Bill, 2019 approving VAT exemption of imported mathematical and geometry sets used in schools. Members of Parliament in a plenary session chaired by Deputy Speaker Jacob Oulanyah approved the Finance Committee report recommendation slightly moving away from …

Kampala, Uganda | THE INDEPENDENT | Uganda loses between 30 and 39 percent of revenues that should be collected through Value Added Tax (VAT). This is contained in a research paper titled “The Value Added Tax Gap Analysis for Uganda” authored by Economic Policy Research Centre (EPRC) researchers Corti Paul Lakuma …

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 …

ATC News by Wolfgang H. Thome The battle lines are now clearly drawn in Tanzania between the country’s tourism industry and the government, after President Magufuli told the sector off over their dissent about the Value Added Tax of 18 percent, which was unexpectedly heaped on services across the board, …