Tag Archives: revenue

Gulu, Uganda | THE INDEPENDENT | Gulu city councilors have faulted the Ministry of Finance for failing to remit the council’s local revenue collected using the Integrated Revenue Administration System-IRAS. The government allocated local revenue worth 491 Million Shillings to Gulu City Council for the financial year 2021/2022 but using the IRAS, …

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 …

Gulu, Uganda | THE INDEPENDENT | Leaders of Gulu city on Friday petitioned President Yoweri Museveni over failure by the Ministry of Local Government to remit local revenue to the council. The leaders through Gulu City Deputy Speaker Lamex Akena, say that the Ministry of Local Government is not remitting to Gulu …

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 …

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 …

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, …

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. …

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 …

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 …

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 …