Kampala, Uganda | THE INDEPENDENT | Uganda and South Africa have eased tax procedures for exporters on both sides, aimed at enhancing the movement of goods between the two countries. During the South Africa Uganda Business Forum in Pretoria, the two countries’ revenue bodies signed a Mutual Recognition Agreement on Authorities Economic …
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Kampala, Uganda | THE INDEPENDENT | The petroleum marketing industry in Uganda experienced mixed fortunes over the last six months as the importation of diesel (AGO) significantly fell below that of petrol (PMS) as uncertainties in the economy continued. According to records at the Ministry of Energy and Mineral Development, and …
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Kampala, Uganda | THE INDEPENDENT | The Uganda Revenue Authority (URA) may lose Shs2.8 trillion to tax exemptions, credits and deferrals for the financial year 2022/2023. This was revealed by the URA Commissioner General, John Musinguzi while presenting the entity’s Budget Framework Paper for the financial year 2023/2024 on Tuesday, 10 January …
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Kampala, Uganda | THE INDEPENDENT | To maximize tax collection, Uganda Revenue Authority has established mechanisms to start collecting VAT from non-resident service provider companies operating in the Ugandan economy. Collection of VAT from these companies is starting effective 1st July 2022, and will focus on all electronic service providers. These …
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Kampala, Uganda | THE INDEPENDENT | Effective July 1st, 2022, used motor vehicles between nine and 12 years from the date of manufacture will be warehoused for a period not exceeding six months unlike in the past when they would take nine months. According to Uganda Revenue Authority-URA, vehicles older than 13 …
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Kampala, Uganda | THE INDEPENDENT | Uganda Revenue Authority (URA) officials have told Members of Parliament that 4.3 trillion Shillings projected revenue is to be foregone due to different unfunded interventions in the coming financial year 2022/2023. Led by John Musinguzi, the Commissioner General, officials from URA on Monday appeared before …
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Kampala, Uganda | THE INDEPENDENT | Uganda Revenue Authority-URA has missed its target for the first quarter of financial year 2021/22 by 499.49 billion shillings. Out of the 4.959 trillion shillings target government pledged, the tax body managed to collect 4.459 trillion shillings. However, this is a revenue collection growth of …
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Kampala, Uganda | THE INDEPENDENT | Uganda Revenue Authority has hit above the revenue collections target set by the Ministry of Finance, Planning and Economic Development for the first half of the year 2020/2021. The ministry had initially told URA to collect Shs 21.6 trillion for the year, but after evaluating …
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Kampala, Uganda | THE INDEPENDENT | The Uganda Revenue Authority Commissioner General John Musinguzi Rujoki says the authority is firmly dealing with corruption and will not tolerate any staff who exhibits corruption tendencies. Musinguzi was on Monday appearing before Parliament’s National Economy Committee which is currently reviewing the impact of …
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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 …
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