Kampala, Uganda | THE INDEPENDENT | Car dealers with cars of 15 years and above in their bonds have been given up to December 31, 2019, to sell them or they are confiscated as contraband. In an October 28 letter to the used car dealers association chairman, Syan Sajjad Pervaiz, URA …
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Kampala, Uganda | THE INDEPENDENT | Uganda Revenue Authority (URA) has effective 31st October 2019 cancelled Value Added Tax (VAT) registration of 1,693 taxpayers. The 1,693 taxpayers have been relived of the duty to charge VAT on their supplies. URA has mainly targeted taxpayers who do not file monthly returns, or …
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Kampala, Uganda | THE INDEPENDENT | City traders have suspended their planned strike after agreeing with Uganda Revenue Authority-URA to temporarily suspend it directive stopping them from putting their goods in customs warehouses in Mombasa and compel them to pay taxes immediately they reach the port entry. The directive, which had …
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Kampala, Uganda | THE INDEPENDENT | Uganda has started revising double taxation agreements it has with developed countries to plug tax loopholes that many corporations have been using to evade taxes. Double taxation agreements govern which country has the right to tax corporate profit when a company has subsidiaries …
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Kampala, Uganda | THE INDEPENDENT | Ugandan importers have accused Uganda Revenue Authority – URA of making it hard for them to trade after it said some goods, including footwear, motor vehicle tyres and garments of any kind would not be eligible for customs warehousing. URA said in a notice …
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Kampala, Uganda | THE INDEPENDENT | The Ministry of Local Government has rolled out the automated Revenue Management System, e-logRev aimed at increasing revenue collections. The online tool is used for local taxpayers’ registration, payment assessments, e-payment, reconciliation, enforcement, reporting and integration with other government agencies. The system was launched …
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Kampala, Uganda | THE INDEPENDENT | Uganda Revenue Authority (URA) realized less revenue last month with both domestic and international taxes performing poorly. According to Ministry of Finance filings for the month, collections in August were below target by 149 billion shillings. Overall, URA collected 1.4 trillion shillings in August, …
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The African Continental Free trade Area (AfCFTA) Agreement: How is URA Customs positioned to champion this agenda? GUEST COLUMN | DICKSONS KATESHUMBWA | The Uganda Revenue Authority (URA) Customs department was central in the negotiations that culminated in the African Continental Free Trade Agreement (AfCFTA). Whereas legally binding effective on 30th …
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Kampala, Uganda | THE INDEPENDENT | Water and Environment Minister Sam Cheptoris has suggested that the government considers exempting taxes from all gas products and distributes gas cylinders at discounted rates in order to reduce the destruction of forests. Cheptoris says that the initial price of gas cylinders is a …
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Washington, United States | AFP | US President Donald Trump threatened his French hosts with taxes on their wines Friday as he headed to a G7 summit in France with a series of parting shots, including another broadside at the Federal Reserve’s chairman. After a day that saw big falls on …
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