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Tag Archives: ura

Mixed fortunes in new income tax measures

Kampala, Uganda | THE INDEPENDENT | The newly introduced tax measures have generated mixed feelings and fortunes for taxpayers and the general public as a whole. Several tax measures and amendments to the tax laws have been completed and are due to take effect starting July 1, 2021. According to the …

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DIGITAL: URA eases TIN applications

Kampala, Uganda | THE INDEPENDENT | The application process for the Tax Identification Number (TIN) is now completely web-based, making it easier and quicker to get than before. According to Uganda Revenue Authority- URA, it has also made changes in the existing TIN application form to improve the experience of …

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URA releases Kyagulanyi’s bullet proof vehicle on Museveni orders

Kampala, Uganda | THE INDEPENDENT | Robert Kyagulanyi Ssentamu alias Bobi Wine has received his bulletproof vehicle from Uganda Revenue Authority-URA. The tax body returned the vehicle that they impounded over tax issues following a directive from President Yoweri Kaguta Museveni. The tax body impounded the vehicle in April after court …

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URA wants 5 year domestic revenue target revised downward

Kampala, Uganda | THE INDEPENDENT | The Uganda Revenue Authority (URA) revenue collection targets for the next three years are far from achievable, with the tax body facing several challenges according to officials. This is a repeat of what has been happening for most of the previous short and midterm strategies …

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URA’s 30 year journey through 7 commissioner generals

Kampala, Uganda | THE INDEPENDENT | This year as the 2021-22 financial year starts, Uganda Revenue Authority (URA) marks 30 years since its creation, as part of the 1991 reforms which were aimed at improving government revenue collection. The tax body with Edward Larbi Siaw as the first commissioner general, collected …

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Centenary Bank net profit up 3.4%

Its non-performing loans moved slightly from 3.95% to 3.97% Kampala, Uganda | ISAAC KHISA | Centenary Bank has defied the effects of coronavirus pandemic to record a 3.4% growth in net profit to Shs161.2bn for the year ended Dec. 2020. According to the bank’s financial statements, total assets increased from …

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