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Tag Archives: revenue

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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MPs pass motion on comprehensive tax policy

Kampala, Uganda | THE INDEPENDENT | Legislators have passed a motion urging government to develop a document that will be comprehensive on the taxation policy. At a plenary sitting chaired by the Deputy Speaker, Thomas Tayebwa, on Thursday 05 May 2022, the Buyamba County MP, Gyaviira Ssemwanga, was concerned that the …

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Lira district registers low local revenue

Lira, Uganda | THE INDEPENDENT | Lira district has recorded a reduction in local revenue collected which has affected activities. In the past three financial years, the district has collected less than what it projected. For instance, in 2019/2020, the district collected 245 Million Shillings out of the estimated 393 Million …

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Night economy helps URA surpass its target

Kampala, Uganda | THE INDEPENDENT | URA has partly attributed the recent excessive revenue collection of the third quarter of the financial year 2021/22 to the resumption of the night economy and the full reopening of the entire economy. Between January and March this year, URA collected 1,834.37 Billion Shillings against a …

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Kitgum municipality struggles to raise local revenue

Kitgum, Uganda | THE INDEPENDENT | Kitgum municipality has recorded low local revenue, months after adopting the Integrated Revenue Administration System (IRAS). IRAS is a method of revenue collection aimed at having a joint revenue collection system, that solves all the requirements in tax management in all local governments. It replaced …

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Lira City East division abandons digital revenue collection system

Lira, Uganda | THE INDEPENDENT | Lira City East Division authorities have abandoned the Integrated Revenue Administration System (IRAS) and reverted to the manual revenue collection method. IRAS is a web and mobile application platform that was launched in January this year to reduce revenue leakages through low assessment, reduce counterfeit …

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