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Tag Archives: revenue

MPs reject proposed budget cuts in the tourism sector

Kampala, Uganda | THE INDEPENDENT | Members of Parliament have rejected the projected budget cuts in the tourism sector, saying it is a key contributor to foreign revenue and a remedy to debt burden. Legislators are dismayed that government is moving to cut the tourism budget from Shs195 billion in 2022/2023 Financial …

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URA moots plan to increase revenue collections

Kampala, Uganda |  THE INDEPENDENT | Uganda Revenue Authority-URA started the calendar year 2023 with explanations regarding the new plan for the taxation of the incomes of artistes in the entertainment industry. This is one of the revenue measures being put in place for the financial year 2023/2024 which begins in …

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IMF approves UGX 800 Billion financing to Uganda

Kampala, Uganda | THE INDEPENDENT | The International Monetary Fund (IMF) has reached an agreement with the Ugandan government for a release of about 240 million US Dollars (873.8 billion Shillings) in financing to the country. The agreement which is subject to approval by the IMF Board, is part of the …

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Uganda’s oil revenue sharing question

Kampala, Uganda | THE INDEPENDENT | There are great expectations among the citizens and investors from the development of an oil refinery in Uganda. It is predicted to boost the region’s refining capacity and ensure a consistent supply of petroleum products. President Museveni says the investment in a refinery will improve …

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Luwero district shifts to electronic tax administration system

Luwero, Uganda | THE INDEPENDENT | Luwero district has rolled out the electronic tax administration system so as to fight leakages and enhance revenue collections. In the financial year 2021/22, urban councils and the district collected 2.4 out of 4.063 billion shillings target as local revenue. At least 1.7 billion shillings …

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URA registers increased revenue at Uganda-Rwanda border

Kampala, Uganda | THE INDEPENDENT | The Uganda Revenue Authority (URA) has registered an increase in revenue collection at Katuna following the reopening of the Uganda-Rwanda border. The border reopened on February 31, after three years of closure. Rwandan President Paul Kagame accused Ugandan authorities of spying on Rwanda, abducting Rwandan citizens …

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Gulu city officials arrested for embezzling UGX 200 million

Gulu, Uganda | THE INDEPENDENT | The State House Anti-Corruption Unit has arrested six officials of Gulu City Council over allegations of embezzling over 200 million shillings in local revenue. The suspects were picked up on Thursday by plain cloth police officers backed by Internal Security Organization personnel in Gulu city. They …

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Seven million Ugandans evading taxes: URA

Kampala, Uganda | THE INDEPENDENT | The Uganda Revenue Authority-URA is concerned about the increasing non-compliance of taxpayers in the country. Speaking during the post-budget conference in Fort Portal, Julius Nkwasire, the Assistant Commissioner of Customs said about 7 million people are in business but not meeting their tax obligations. According …

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‘Safeguard Uganda’s properties & trade interests in Kenya’

Kampala, Uganda | THE INDEPENDENT | Parliament’s Committee on Budget has asked Uganda’s High Commission in Kenya to maintain government properties in good shape so that they can generate sufficient revenue to finance the national budget. In a meeting with High Commission officials in Nairobi led by Head of Mission, Ambassador …

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