Business

Sakwa (left) is out, Mukiibi (middle) moved, and Patience T. Rubagumya stays URA Board decision Mukiibi Patrick has been transferred from the position of Commissioner Corporate Services to the position of Commissioner Domestic Taxes Patience T. Rubagumya remains as Commissioner Legal Services and Board Affairs Herbert Rusoke remains as Commissioner …

Milan, Italy | AFP |  Facing its deepest recession since World War II and with business confidence collapsing, the coronavirus pandemic is hitting Italy’s economy hard. Business confidence in the eurozone’s third largest economy in May plummeted to its lowest level since official statistics institute ISTAT started the index in March …

URA Board decision Mukiibi Patrick has been transferred from the position of Commissioner Corporate Services to the position of Commissioner Domestic Taxes Patience T. Rubagumya remains as Commissioner Legal Services and Board Affairs Herbert Rusoke remains as Commissioner Internal Audit and Compliance Abel Kagumire remains as Acting Commissioner Customs Mathew …

Kampala, Uganda |  THE INDEPENDENT |  Telecommunications giant MTN Uganda has been ordered to pay Uganda Revenue Authority – URA- 44.2 billion Uganda Shillings in two separate court cases that could forever define how telecoms pay their taxes. In one case, MTN will pay 24.2 billion  Shillings on the dispute on …

Kampala, Uganda |  THE INDEPENDENT |  Uganda Revenue Authority senior commissioner Dickson Kateshumbwa has resigned. Dicksons Kateshumbwa, who had recently been taken to head the domestic taxes docket, said in an e-mail to staff that he had decided to end his tour of duty ahead of the contractual period with immediate …

    Kampala, Uganda | THE INDEPENDENT | One of Uganda Revenue Authority’s high profile Commissioners, Dicksons Kateshumbwa, has resigned. “Today after more than 14 years of service in the authority I have decided to end my tour of duty ahead of my contractual period with immediate effect,” he said in …

Kampala, Uganda |  THE INDEPENDENT |  The Finance Minister Matia Kasaija has said that the government does not have a provision for any fiscal stimulus for businesses that have been affected by the impacts of the COVID-19 pandemic. Several economists and players within the private sector have been calling upon the …

London, United Kingdom | AFP | Stock markets mostly rose and the dollar advanced Thursday, gaining traction from optimism over reopening economies and a huge EU coronavirus recovery package, dealers said. Asia bounded higher but Hong Kong failed to maintain early gains as investors fretted over a US decision to revoke …

Kampala, Uganda | THE INDEPENDENT | The Independent business writer, Isaac Khisa, has once again emerged as one of the five winners of the 2020 Pan-African Re-Insurance Journalist Awards organized by the leading Pan-African Reinsurance firm, Continental Reinsurance Plc. The virtual awards ceremony was held on May 27 2020, following the …

  Kampala, Uganda | RONALD MUSOKE | Chinese oil firm, CNOOC, has chosen not to pre-empt Tullow Oil’s sale of its assets in Uganda to Total according to a statement published on May 28 on Tullow’s website. “Tullow Oil plc announces that CNOOC Uganda Limited (CNOOC) has informed both Tullow …