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 …
Read More »LIVE: URA annual budget breakfast
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 …
Read More »‘Bad economy’ as URA records Sh240bn shortfall in 9 months
The Uganda Revenue Authority (URA) has recorded a shortfall of Shs 240bn in the first three quarters of FY 2016/2017 amidst a tough economic environment. As a sign of the times, the International Monetary Fund (IMF) this week revised GDP growth for Uganda for FY2016/17 to 3.5% from government projections …
Read More »URA looks set to surpass 2016-17 revenue target by Shs 500 billion
Uganda Revenue Authority (URA) is on track to collect tax revenue of Shs 500 billion above target by end of the financial year 2016/2017. URA’s Commissioner General, Doris Akol says Shs 10.5 trillion has so far been collected as revenue for this financial year, and projections are now that they will collect …
Read More »VIDEO: Regional E-Cargo tracking system launched in Kampala
VIDEO: Uganda, Kenya and Rwanda have agreed to monitor cargo movement using the Electronic Cargo Tracking System from the port of Mombasa in a move aimed at curbing cargo theft and tax evasion along the northern corridor. Uganda Revenue Authority Commissioner General Doris Akol says the innovation will help the private …
Read More »Man Utd dethrone Real Madrid as cash kings
London, United Kingdom | AFP | Manchester United’s relative failure on the pitch has not been reflected off it as for the first time in over a decade they top Deloitte’s Football Money League for revenue in the 2015/16 season. United — who were last on top in the 2003/04 …
Read More »KADAGA: Income Tax Amendment Bill is now law
Uganda Parliament Speaker Rebecca Kadaga has confirmed that the Income Tax Amendment Bill (copy bottom) is now law. Kadaga told parliament on Wednesday that technically, the law has been assented to despite President Yoweri Museveni returning the bill to parliament for the third time last month, seeking amendments. The Income Tax Bill …
Read More »VIDEO: New VAT, online challenges for URA and Africa
VIDEO: African Tax administrators have called for the need to strengthen Value Added Tax Administration on the continent to increase tax revenues. Uganda Revenue Authority Commissioner General Doris Akol says improving domestic Revenue Collection, is the only way African tax bodies can combat tax evasion. Akol was speaking during the 17th …
Read More »What launch of Single Electronic Window means for Uganda
Single Electronic Window: The new system will see a 30% reduction in transaction costs for the private sector Uganda Revenue Authority (URA) has launched the Uganda Single Electronic Window system. The new system will see a 30% reduction in transaction costs for the private sector, writes Juddie Kilungu. It will also …
Read More »Experts salute URA but warn of a mountain to climb to lift Tax-GDP ratio
URA at 25: Experts salute URA but warn of a mountain to climb to lift tax:GDP ratio from miserable 12% On September 20, Uganda Revenue Authority (URA) across the country replaced their shirts and tops with T-shirts inscribed with the words: “Believe there is good in the world” and headed …
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