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Tag Archives: revenue

URA lost UGX14Bn due to Katuna border closure

Kampala, Uganda | THE INDEPENDENT | Uganda Revenue Authority-URA lost over fourteen billion shillings in revenue collections owing to the three-year closure of the Uganda-Rwanda border post of Katuna. Rwanda on Monday this week fully reopened its land borders with Uganda. The Rwandan authorities had partially reopened the border on January …

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Mbarara city starts property valuation to boost local revenue

Mbarara, Uganda | THE INDEPENDENT | Mbarara City Council has started the valuation of all properties to be taxed in the next five years. The city’s revenue collection for the financial year 2021/2022 was projected at 4.7 Billion Shillings. However, by the end of the second quarter, only 1.3 Billion Shillings …

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New city markets accumulate UGX1.4Bn arrears over low revenue collection

Kampala, Uganda | THE INDEPENDENT | Seven markets constructed by the government through the Markets and Agricultural Trade Improvement Project (MATIP-1) have accumulated 1.4 billion shillings in arrears due to low revenue collection, the Auditor General’s report reveals. The government through MATIP-1 redeveloped and reconstructed the seven markets at a cost …

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Local governments urged to turn to President over financing

Kampala, Uganda | THE INDEPENDENT | The Committee on Public Service and Local Government appalled by the consistent plea for Parliament’s intervention in their financing woes, have advised the local governments to seek audience with the President. The Secretary of Local Government Finance Commission (LGFC) while appearing before the committee on Thursday, …

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Bancassurance: Banks earn Shs12bn as commission

Insurance brokers will need to evolve on how to engage, advise and on-board customers Kampala, Uganda | ISAAC KHISA | Uganda’s commercial banks earned Shs12bn in commission as insurance agents for nine months to September 30, 2021, underscoring the significance of banscassurance as a new revenue stream for financial institutions. …

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Mukono assistant town clerk interdicted over mismanagement of local revenue

Mukono, Uganda | THE INDEPENDENT | The Principal Assistant Town Clerk for Mukono Central division, Ismael Mulambuzi Ssemyalo has been interdicted for allegedly mismanaging revenue. Since the start of the Covid-19 lockdown, Mukono like other municipalities has been complaining about difficulties in raising local revenue as well as funding the planned …

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Gov’t fails to spend UGX2Trillion amidst revenue shortfall

Kampala, Uganda | THE INDEPENDENT | The Uganda Revenue Authority posted a revenue shortfall of 690.3 Billion Shillings in the first four months of the 2021/22 financial year with all tax-heads registering shortfalls except stamp duty. This meant that the government also had to adjust expenditure programs in line with the …

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Inadequate staff hindering revenue collection in Gulu city

Gulu, Uganda | THE INDEPENDENT | The inadequate number of town agents is hindering the local revenue collection in Pece-Laroo division in Gulu city. The division has six agents instead of the required 19. According to the division’s revenue performance report for the first quarter of the 2021/2022 financial year, only …

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Gov’t registers UGX52Bn revenue shortfall in November

Kampala, Uganda | THE INDEPENDENT | Government in the month of November registered a revenue shortfall of 52.18 billion Shillings against its target for the month. This is highlighted in the Ministry of Finance monthly report on the performance of the economy released on Monday. Government through the Uganda Revenue Authority-URA …

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