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Tag Archives: ura

Court agrees to dismiss Basajjabalaba’s petition against tax bill

Kampala, Uganda | THE INDEPENDENT | A panel of five Constitutional Court Justices have dismissed a petition in which businessman Hassan Basajjabalaba’s company, Haba Group Uganda Limited had challenged tax imposition on its 169 billion shillings compensation. The money had been awarded to the company by the government following the cancellation …

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Tullow under debt pressure

Oil and gas explorer says ‘potential liquidity shortfall’ threatens ability to pass lenders’ test | THE INDEPENDENT | Tullow Oil plc has warned it risks defaulting on a debt facility if it does not resolve a potential liquidity shortfall, as it slumped to a $1.4 billion pre-tax loss for the …

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No tax relief for retrenched workers

URA’s legal win means benefits will be subjected to PAYE Kampala, Uganda | JULIUS BUSINGE | It is now official that workers who will be paid benefits as a result of retrenchment will be subjected to Pay as You Earn tax – which is 30% of the total earnings. This …

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URA appoints new customs boss

Kampala, Uganda |  THE INDEPENDENT  The Uganda Revenue Authority-URA board has appointed new commissioners to replace those fired in May 2020. The appointments made after the August 26, 2020 sitting saw Abel Kagumire appointed as the commissioner customs. Kagumire had been acting in the position since early this year. Richard Kariisa  has …

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URA registers UGX 179b surplus for July collections

Kampala, Uganda |  THE INDEPENDENT  Uganda Revenue Authority – URA registered a surplus in tax collections for July 2020 after some people and corporations that had suspended payments during the Coronavirus (COVID-19) lockdown paid up. URA collected 1.2 trillion Shillings in July 2020 against a target of 1.02 trillion Shillings – …

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Ugandans buy record motorcycles in 2019

Kampala, Uganda |  THE INDEPENDENT | Ugandans registered the highest number of new motorcycles in the year that ended June 2019 in what could be an indicator a larger number of people are entering the Boda Boda industry. According to figures published by the Uganda Revenue Authority (URA), Ugandans registered 103, …

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