However, Auditor-General John Muwanga report faults the taxman for failing to collect taxes from gold exports Kampala, Uganda | THE INDEPENDENT | Uganda’s gold exports have seen a dramatic rebound, hitting US$2.3 billion last year following the government’s decision to lower export taxes, a move aimed at revitalizing trade that had …
Read More »Zimbabwe mulls wealth tax targeting the rich
Harare, Zimbabwe | Xinhua | Zimbabwe’s Minister of Finance, Economic Development and Investment Promotion Mthuli Ncube on Thursday proposed a “wealth tax” that targets the country’s super-rich with an intention to use the funds earned from the new measure to upgrade urban infrastructure. Presenting the 2024 national budget statement to …
Read More »Museveni warns against taxing innovations
Kampala, Uganda | THE INDEPENDENT | President Yoweri Kaguta Museveni warned public officials against taxing innovations, saying that culprits will be dealt with, according to the law. According to the President, there’s no logic in taxing innovations when Uganda even gives tax holidays to products which are not a result of …
Read More »Justice Musa Ssekaana tips Tax Appeals Tribunal on effective resolution of disputes
Kampala, Uganda | THE INDEPENDENT | The Judiciary has asked members of the Tax Appeals Tribunal -TAT to always focus on facts in legal disputes before them other than dwelling in technicalities which scare away tax payers. According to the head of the Civil Division of the High Court …
Read More »Supreme court dismisses heritage appeal in $435m oil tax row
Kampala, Uganda | THE INDEPENDENT | The Supreme Court rejected an appeal by Heritage Oil in the longstanding $435 million tax dispute with the Uganda Revenue Authority. Heritage Oil had filed an appeal at the Supreme Court seeking to block some of the arguments by the Uganda Revenue Authority in a …
Read More »EU’s carbon border tax: a new report shows Africa stands to lose US$25 billion every year
Kampala, Uganda | AGENCIES | A new European law that imposes the first ever carbon border tax in the world comes into force in October 2023. It will be applied gradually over the next three years before it is fully implemented. A carbon tax is a type of levy imposed on …
Read More »Uganda slaps tax on Facebook, Netflix
Kampala, Uganda | THE INDEPENDENT | Parliament imposed a tax on companies reporting losses for more than seven years with 50% of the losses carried forward now being subject to tax in new amendments to the Income Tax Act. During the House sitting on Tuesday, 11 July 2023, Members of Parliament …
Read More »Behind Uganda’s tax treaty clash with the Netherlands
Ronald Musoke explains why five years of consultations have failed to re-negotiate Double Taxation Agreement Kampala, Uganda | RONALD MUSOKE | The Netherlands has been one of the top ten sources of foreign direct investments (FDI) for Uganda since the two countries signed the treaty in 2004. Today, there are about …
Read More »Kasese traders ask URA to intensify tax education
Kasese, Uganda | THE INDEPENDENT | The Business community in Kasese District has asked Uganda Revenue Authority-URA to create adequate awareness to enhance tax compliance. They say that there has been a huge gap in communication and information dissemination and if not addressed it will be difficult for the tax body …
Read More »Politicizing revenue collection is affecting tax compliance – URA
Kampala, Uganda | THE INDEPENDENT | Uganda Revenue Authority is blaming politicization of revenue collection in the Ugandan public, as one of the reasons affecting compliance with tax obligations hence low revenue collections in the country. Though the amounts collected increase regularly, URA has always failed to achieve its set targets, …
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