Tag Archives: tax

  Uganda Revenue Authority (URA) on Thursday marked 25 years since its formation, celebrating revenue growth of 6273% and a remarkable turnaround that now has them referred to as an employer of choice. At a thanksgiving at their Nakawa headquarters, Commissioner General Doris Akol hailed the turnaround of URA’s image and performance, shown …

Copenhagen, Denmark | AFP | The Danish government said on Wednesday it would pay an anonymous source for leaked data from the Panama Papers on hundreds of Danish taxpayers. “We must use the necessary measures to catch the tax evaders hiding fortunes in for example Panama with the aim to …

San Francisco, United States | AFP |  A multi-billion-dollar tax bill imposed by the European Union could bruise Apple’s image more than its finances, which remain solid even as the trend-setting company looks for the next big thing. Analysts interviewed by AFP saw Apple as being in position to fend …

NBS VIDEO: After failing to meet the revenue collection target for the 2015/2016 financial year, Uganda Revenue Authority has put up new avenues to ensure that Shs13 trillion target in the financial year 2016/2017 is attained. Doris Akol, URA Commissioner General says the authority has now partnered with 34 urban …

How corruption has disabled mechanisms through which the business community can fight for better tax laws THE LAST WORD: By Andrew M. Mwenda Uganda’s ratio of taxes to Gross Domestic Product (GDP) has remained almost stagnant for 19 years. In 1997, it was 11%. Since then it has risen to …

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 …

Civil Society Organisations (CSOs) have challenged Uganda Revenue Authority (URA) to be fair, clear and transparent to encourage everyone to pay taxes. “It is our responsibility to pay taxes and as citizens we have an obligation of questioning how our money is used.  If we have a clear system, then …

Panama Papers expose efforts plot to dodge taxes in oil deals When 370 journalists from 76 countries collaborate on an investigation, the resulting story is bound to be explosive. That is exactly what happened with what has come to be known as “The Panama Papers”; which is a huge leak …

By Julius Businge Business owners query new taxes on ICT, education, health, agriculture Francis Kamulegeya, the senior country partner for PriceWaterHouseCoopers in Uganda says “you cannot grow a sector without taxing it”. Kamulegeya’s view flips the common belief that “you cannot grow a sector without giving it incentives”. But Kamulegeya’s …

By Cissy N. Kagaba Why should Sembule Group chokes on debts while BIDCO is awarded a tax holiday of 25 years? The Auditor General’s report to parliament this month put the Ministry of Finance on the spot for gross abuse of tax payer’s money when it decided to settle tax …