Northern Corridor success: New World Bank report highlights logistics on EAC’s Northern Corridor as an inspiring African success story Finally, the massive investments in projects to remove logistical bottlenecks in the East African Community are starting to pay off great dividends. A new World Bank report dubbed, ‘Trade Logistics in …
Read More »Uganda Revenue Authority collections rise by 16%
Uganda Revenue Authority (URA) Commissioner General Doris Akol has revealed that revenue collections have grown by 16% this year. Revenue collected by the URA, has also helped fund about 61% of the Government Expenditure Budget. Akol made the revelations in an end-of-financial-year statement Monday, in which she hailed taxpayers of …
Read More »TOURISM: Tanzania, like Uganda, faces new VAT battle
ATC News by Wolfgang H. Thome Tanzania’s tourism industry may be in for a rough year ahead should proposals for adding Value Added Tax (VAT) on tourism services be sanctioned by parliament. The 18 percent tax, if implemented, would apply for any service rendered, from park fees to transport and …
Read More »Uganda: The cost of parliament
Kisa said MPs cannot deliberate well when they are hungry and they need new allowances to cater for that. There is a new mantra for MPs in Uganda’s parliament. The MPs say: “We cannot deliberate when we are hungry”. The phrase was coined by newly elected Luuka South MP Stephen …
Read More »BUDGET: Museveni warns telecoms on tax evasion
President Yoweri Museveni has said government will acquire the latest communication equipment to end what he termed rampant tax evasion and corruption within telecom companies in Uganda. He said estimates indicate that the country was losing up to $400m (sh1.2 trillion) in tax per year. “There is still tax evasion …
Read More »BATU hit by hard economic times
In recent years, shareholders of British American Tobacco Uganda (BATU) have come to always look forward to the first two weeks of May, the period when the company has traditionally held its annual general meeting. It has now become a guarantee that they must hear some really good news that …
Read More »UGANDA: 80% of economy informal, does not pay taxes
Unlike the others that came before it, this year’s Open Minds Forum was a heated and impassioned event. Held under the theme: “Informal sector; an invisible force with visible impact,” the May 05 public forum in Kampala, organised by the Uganda Revenue Authority (URA), was expected to pit the business …
Read More »Informal tax evaders
80% of economy is informal, only 20% of businesses pay taxes Unlike the others that came before it, this year’s Open Minds Forum was a heated and impassioned event. Held under the theme: “Informal sector; an invisible force with visible impact,” the May 05 public forum in Kampala, organised by …
Read More »Unpacking Uganda’s informal sector
COMMENT: By Andrew Rugasira Economists used to consider the informal sector a “shadow economy”, a relic from the underdeveloped past that would be replaced by formal activities and better paid jobs. Not anymore. The informal sector has in many ways superseded the formal sector and is now the face …
Read More »VIDEO: URA urges Informal Sector to formalize their businesses
URA urges Informal Sector to formalize their businesses and benefit from a wider Uganda market. READ FULL STORY (Click here) Share on: WhatsApp
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