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Tag Archives: revenue

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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Experts call for an end to non-tariff barriers, tax exemptions

Kampala, Uganda | THE INDEPENDENT | Uganda Revenue Authority must collect 2 trillion shillings in less than 10 days left to the end of the financial year, but the tax body is worried of emerging cross-border conflicts between neighbors. This is one of the challenges that the East African countries are …

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URA to impose VAT on Facebook, Netflix

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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Mbarara City Council creates local revenue collection department

Mbarara, Uganda | THE INDEPENDENT | Mbarara City Council has created an independent department that will boost the collection of local revenue. Local revenue collection was under the office of Finance and Planning and was controlled by the Principal Finance Officer. The new revenue department will now be managed by the …

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Lugazi town agents on the spot over local revenue shortfalls

Lugazi, Uganda | THE INDEPENDENT | Lugazi municipal council probe committee has pinned town agents for failing the planned realization of local revenue. The thieving agents have gone overboard to the extent that now only 35% of the expected revenue is declared as collected. The probe committee was formed in the …

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Mbarara city to adopt new policy to increase local revenue

Mbarara, Uganda | THE INDEPENDENT | Mbarara City Council has resolved to adopt a new charging policy to help improve its local revenue base for the 2022/23 financial year. The charging policy will see an increase in fees and licenses for specified businesses and activities. Mbarara City Council budget is largely …

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Arua district registers low revenue collections

Arua, Uganda | THE INDEPENDENT | Arua district has recorded a significant reduction in local revenue collections, one month to the end of the financial year. The district had planned to collect 426 Million Shillings but they managed to collect only 185 Million Shillings. Solomon Anguzu, the Secretary of Finance and …

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Museveni woos Turkish investors to Uganda

Kampala, Uganda | THE INDEPENDENT | President Yoweri Museveni has said he doesn’t care who owns what business in Uganda for as long as the businesses are generating revenue for the country. Speaking to the Deputy Minister of Trade in Turkey, Riza Tuna Turagay at the sidelines of the ongoing Uganda-Turkey …

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