Business

Madrid, Spain | AFP |  Spanish prosecutors on Tuesday accused Real Madrid star Cristiano Ronaldo of evading 14.7 million euros in tax through offshore companies, the latest footballer to fall foul of fiscal authorities. The 32-year-old — the world’s highest paid athlete according to Forbes magazine — follows in the …

  Uganda’s banking industry has been announced best in external corporate communications aimed at enhancing the image of companies, in their pursuit for business growth. Banking is ranked number one ahead of six other industries whose external corporate communications has been measured and evaluated in the first Corporate Publicity Index …

The Institute of Certified Public Accountants of Uganda (ICPAU) has committed to make any contribution that is necessary to ensuring effective implementation of the coming budget for the FY2017/2018. Derik Nkajja, the chief executive officer of the ICPAU said accountants are partners in the budget making process and cannot run …

He promises to invest more in the one-stop shops Gilbert Assi has been unveiled as the managing director of Vivo Energy Uganda and replaces Hans Paulsen, who has been promoted to a new senior role in the Vivo Energy Group. Assi, an Ivorian national with over 20 years experience has …

Nairobi, Kenya | AFP |  Fraud in the mining sector since 1998 has cost Tanzania 75 billion euros ($84 billion), an investigating commission said Monday, blaming foreign companies failing to declare revenues. The conclusions of the study, conducted by Tanzanian economists and legal experts and seen by AFP, were approved …

  Geneva, Switzerland| MIN OF GENDER L S| Uganda has been voted onto the governing body of International Labour Organisation for the period 2017-2020. This election  by the 106th International Labour Conference in Geneva  on Monday  June 12, 2017 follows Uganda’s earlier nomination by the Africa Group at the African Union …

Kasaija asks for greater involvement by all Ugandans in implementing new budget   Finance Minister, Matia Kasaija has urged all Ugandans to roll up their sleeves and make a contribution towards the smooth implementation of the Shs 29 trillion budget for financial year 2017/18. He said in future, the Ministry …

Recently, Uganda hosted members of the World Customs Organisation (WCO) hailing from 24 countries of East and Southern Africa (ESA) for a two-day 22nd governance council to discuss matters tax administration. The Independent’s Julius Businge jointly interviewed the organisers – WCO Secretary General Kunio Mikuriya and Uganda Revenue Authority Commissioner General …

Uganda Revenue Authority  (URA) is today holding public budget breakfast meetings at four venues across the country – in Kampala, Mbale, Mbarara and Gulu. According to the Commissioner General of URA Doris Akol, “the budget breakfast being held today provides an opportunity to discuss and understand the new tax policy …

Kenya-Uganda in final discussions with Chinese bank The Uganda government, which plans to start construction of a multi-billion dollar rail project to Kenya, has to wait until its neighbour agrees to extend the railway line to the border at Malaba for the financier to avail the funds, according to the …