Tag Archives: ura

NEWS ANALYSIS | THE INDEPENDENT | Uganda’s Sh48.13 trillion National Budget has been approved by Parliament today. The approved budget has increased by sh5 trillion from the current financial year budget. Over half of this money is expected to come from domestic revenue collection with Government targeting  a collection of …

Kampala, Uganda | THE INDEPENDENT | Chinese doing business in Uganda have today engaged the Uganda Revenue Authority (URA) seeking clarification on several tax administration concerns, most notably how to get tax exemptions. In the meeting with URA officials, the business community under the Chinese Chamber of Commerce, Uganda SINOCHAM …

Kampala, Uganda | THE INDEPENDENT | Parliament on Wednesday passed the Excise Duty (Amendment), 2022, but rejected a proposal seeking to reduce tax on fuel. The proposal was carried in a minority report presented by Kampala Central MP, Muhammad Nsereko. Nsereko proposed that the excise duty on motor-spirit gasoline which …

| THE INDEPENDENT | Uganda government needs to carry out an audit to assess the impact of tax exemptions on Bujagali Hydropower Dam on the consumers prior to making any further extensions to minimise further revenue losses, according to civil society organisations. The CSOs under their umbrella organisation ‘The Tax …

Kampala, Uganda | THE INDEPENDENT | The government is rallying commercial banks and other financial institutions to help it increase tax revenues by ensuring more people are taxed. As the presentation of the 2022/23 national budget draws closer, the Uganda Revenue Authority figures show an uphill task if the agency is to …

Kampala, Uganda | THE INDEPENDENT | The Adhoc committee set up by parliament to review the proposed merger of several autonomous has asked the cabinet to reconsider the decision on some agencies. This is part of the recommendation in the Adhoc committee reports presented to the house by the Bukanga …

Kampala, Uganda | THE INDEPENDENT | The Igara County East MP, Michael Mawanda, is troubled about the modus operandi of implementing the digital stamps policy by the Uganda Revenue Authority. Digital tax stamps rolled out in November 2019 contain security features and codes to prevent counterfeiting of products and enable to track …

URA should make personal income taxes more progressive by raising PAYE entry threshold Kampala, Uganda | JULIUS BUSINGE | A new report published by Oxfam, Southern and Eastern Africa Trade Information and Negotiations Institute and other non-governmental organisations has identified gaps related to gender taxation, policy and administration, and that …

Kampala, Uganda | THE INDEPENDENT | URA has partly attributed the recent excessive revenue collection of the third quarter of the financial year 2021/22 to the resumption of the night economy and the full reopening of the entire economy. Between January and March this year, URA collected 1,834.37 Billion Shillings against a …

Kampala, Uganda | THE INDEPENDENT | Investors in the Oil and Gas related business are crying foul over the attitude of Uganda commercial banks towards them when they approach them to finance their projects. The local investors, who are mainly Tier 2 and 3 contractors in the industry, say most …