KAMPALA, UGANDA | Xinhua | The Uganda Revenue Authority (URA), the state-run tax body, on Thursday launched the second edition of the Chinese translation of its tax guide book, a move aiming to help the Chinese business community better understand the country’s tariffs regime. At the launching of the book, …
Read More »Why High Court upheld TAT Ruling in URA vs BOU pension scheme tax dispute
Kampala, Uganda | THE INDEPENDENT | High Court’s dismissal of an appeal by the Uganda Revenue Authority (URA) against the Trustees of the Bank of Uganda Defined Benefit Scheme, affirmed that the Scheme qualifies as a Settlor Trust under the Income Tax Act. The judgment, experts say, clarified and sets out …
Read More »URA commissions new bonded warehouse at Malaba border
TORORO, UGANDA | THE INDEPENDENT | The Uganda Revenue Authority (URA) has officially commissioned a new bonded warehouse at the Malaba border in Tororo District to handle cargo congestion, expedite clearance, and boost revenue collection. The warehouse, built by Tan Investments, can accommodate up to 1,000 trucks and is expected to …
Read More »M23 INSURGENCY: URA suspends clearance of goods crossing DRC
KAMPALA, UGANDA | THE INDEPENDENT | Uganda Revenue Authority (URA) has suspended clearance of goods crossing to and from the Democratic Republic of Congo (DRC) via borders affected by the March 23 Movement (M23) rebels insurgency. When M23 rebels captured the Uganda-DR Congo border of Bunagana, URA and Immigration services …
Read More »Is URA frustrating its contracted auctioneers?
Kampala, Uganda | THE INDEPENDENT | Uganda Revenue Authority-URA has left a group of contracted auctioneers asking questions after being reportedly excluded from the next auction. The auction was supposed to take place in early October and the auctioneers were informed to get ready for the task as is usually …
Read More »URA surpasses half-year revenue target with Shs 322billion surplus
Kampala, Uganda | JULIUS BUSINGE | The Uganda Revenue Authority (URA) has reported a remarkable performance in its half-year revenue collection, surpassing its target for the July to December 2024 period. The tax authority collected Shs15.25trillion against the target of Shs 14.93 trillion, registering a surplus of Shs 322 billion and …
Read More »URA reports surplus in revenue collection in first half of FY 2024/25
KAMPALA, UGANDA | THE INDEPENDENT | The Uganda Revenue Authority (URA) has surpassed its expected revenue collection for the first half of the financial year 2024/25 by 322 billion Shillings. URA collected 15.2 billion between July and December 2024, surpassing its target of 14.9 billion Shillings. “This 102.16 percent achievement …
Read More »What gov’t is doing to tame rising public debt
Kampala, Uganda | THE INDEPENDENT | Uganda has outlined plans aimed at reducing its national debt starting in 2027 the year it is forecast to touch 53 percent of the value of the economy (GDP). The country’s national debt stands at 25.6 billion (93 trillion shillings) as of the end of …
Read More »URA destroys contraband cigarettes worth sh1.6 billion
Kampala, Uganda | THE INDEPENDENT | The Uganda Revenue Authority (URA) has destroyed contraband cigarettes valued at sh1.6 billion that were seized from smugglers. The destruction took place on Wednesday at Luwero Industries Limited in Nakasongola District. According to a press statement by Robert Kalumba, Assistant Commissioner for Public …
Read More »Digital stamps enhancing standards of products in the market – Finance
Kampala, Uganda | THE INDEPENDENT | The Government of Uganda has reaffirmed its commitment to leveraging digital innovations to bolster tax compliance, with Digital Tax Stamps (DTS) emerging as a cornerstone of this effort. Introduced in November 2019, DTS have played a critical role in enhancing transparency, combating tax evasion, …
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