Kampala, Uganda | URN | Uganda Revenue Authority officials are struggling to establish how much gold is produced in the country and, more importantly, where the gold exported by Ugandan refineries actually comes from, exposing gaps in the country’s reporting and regulation of one of its biggest export earners. Lawrence …
Read More »Will Uganda’s NIN tax push deliver more revenue?
SPECIAL REPORT | Uganda is betting that replacing the Tax Identification Number (TIN) with the National Identification Number (NIN) will widen the tax base and curb leakage. But with millions already registered for tax, the harder test is whether better identification can actually translate into more revenue, reports Ronald …
Read More »Has Uganda’s gold tax incentive run its course?
For policymakers, the clock is ticking on a choice between continuing an expensive experiment or rewriting the rules of Uganda’s mineral wealth Kampala, Uganda | RONALD MUSOKE | For years, Uganda’s decision to give gold special treatment in its tax regime has been defended as an investment incentive. The idea …
Read More »URA posts first monthly fiscal surplus, hits target
Kampala, Uganda | URN | Uganda Revenue Authority registered its first monthly fiscal surplus in six months after stronger-than-expected tax collections helped the government raise more money than it spent in June, according to the Ministry of Finance. Government operations ended the month with a fiscal surplus of about 517 …
Read More »URA: Uganda loses $700m annually to smuggling
Kampala, Uganda | URN | Government vehicles, porous borders and limited public awareness continue to fuel smuggling in Uganda, making it one of the country’s biggest sources of revenue loss, according to the Uganda Revenue Authority (URA). The tax body estimates that Uganda loses more than $700 million annually through …
Read More »URA cleared to enforce Shs18.5 billion tax against Nile Breweries
Kampala, Uganda | URN | The Commercial Division of the High Court has dismissed with costs an application by Nile Breweries Uganda Limited seeking to block the Uganda Revenue Authority (URA) from collecting 18.5 billion Shillings in disputed taxes. The dispute stems from a 2023 tax reassessment by URA, which …
Read More »URA and Tax Appeals Tribunal’s 30% question
Uganda’s private sector pushes for reform of a disputed tax appeals requirement Kampala, Uganda | JULIUS BUSINGE | For any business in Uganda, receiving a tax assessment from the Uganda Revenue Authority (URA) is normal. What is becoming impossible, however, is paying to challenge it. Under Section 15(1) of …
Read More »DTB Uganda wins Client Service award at URA Bankers Conference
Kampala, Uganda | NEWS CORRESPONDENT | Diamond Trust Bank (DTB) Uganda has been recognized as a standout performer in the financial sector, securing the 1st Runner-Up accolade for Best in Client Service at the 8th Bi-annual Uganda Revenue Authority (URA) Bankers Appreciation Conference held last week. The ceremony, held at the Mestil …
Read More »Airtel loses tax appeal, ordered to pay Shs1.1 billion to URA
Kampala, Uganda | URN | The Commercial Division of the High Court has ordered Airtel Uganda to pay 1.1 billion Shillings to Uganda Revenue Authority after losing a tax dispute over imported telecommunications equipment. In his ruling, Justice Stephen Mubiru set aside a decision of the Tax Appeals Tribunal, which …
Read More »Tackling tax burden to match expanding taxpayer register
Kampala, Uganda | URN | The recently circulated information that the government planned to raise income tax (Pay-as-You-Earn), later dismissed as false, reignited debate over Uganda’s tax system which overburdens a few and leaves out the majority. Ugandans, especially taxpaying citizens, are always worried about the next budget introducing new …
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The Independent Uganda: You get the Truth we Pay the Price