Kampala, Uganda | THE INDEPENDENT | Uganda Revenue Authority-URA has called traders whose goods haven’t been cleared to do so lest they are auctioned. In a letter sent out this morning, Patience Tumusiime Rubagumya, the Acting Commissioner for Customs says “all goods that remain uncleared after 30 days of the …
Read More »Kagina builds new culture at UNRA
Four years later, her corruption-proof strategy takes shape amidst huge expectations and challenges Kampala, Uganda | IAN KATUSIIME | In 2015 when President Yoweri Museveni appointed Allen Kagina to head the Uganda National Roads Authority (UNRA), the body had sunk deep into jaw dropping corruption. Exposure and investigations into the …
Read More »Taxes ‘eat’ into Barclays Bank profits
5% drop to Shs68bn in net profit Kampala, Uganda | JULIUS BUSINGE | Huge taxes paid to Uganda Revenue Authority (URA) has seen Barclays Bank Uganda Limited record a 5% drop in net profit to Shs68bn for the year ended December 2018. Barclays bank financial results released on April 25 …
Read More »MPs want amendment of Income Tax Act to exempt tax on agricultural supplies
Kampala, Uganda | THE INDEPENDENT | Members of Parliament sitting on Parliament’s Finance Committee are mooting an amendment of the Income Tax Act to have payments for agricultural supplies exempted. During a meeting with officials from the Uganda Revenue Authority (URA) led by Cyprian Chillanyana, the Assistant Commissioner Domestic Taxes and …
Read More »Digital tax stamps: A waste of tax payer’s money?
Studies show new initiative will merely benefit the contracted firm Kampala, Uganda | PATRICIA AKANKWATSA | On April 12, the Uganda Revenue Authority announced that it had rolled out digital stamps to combat illicit trade and seal revenue leakages. This move follows Kenya and Tanzania that have already done so. …
Read More »URA asked to sensitise public on tax assessment procedures
Kampala, Uganda | THE INDEPENDENT | Uganda Revenue Authority-URA has been challenged to sensitise the public on Tax Assessment Procedures During their URA public engagement in Masaka district on Friday, taxi payers through the Masaka municipality member of Parliament Mathias Mpuuga Nsamba raised concerns of the unclear computation of income …
Read More »Gov’t proposal to write off UGX 426Bn tax arrears raises queries
Kampala, Uganda | THE INDEPENDENT | Officials from the Finance Ministry on Wednesday failed to convince Members of Parliament sitting on the Finance Committee about a proposal for government to write off tax arrears amounting to 426 billion shillings. The figure is out of the 2.6 trillion shillings tax arrears …
Read More »Five reasons why Sh40 trillion budget is bad
Experts expose how Museveni is destroying economy Kampala, Uganda | HAGGAI MATSIKO | The budget this year is proving to be a headache. After years of borrowing to finance huge road and electricity projects, Ministry of Finance has a new pain – how to finance new huge defense and security …
Read More »URA rolls out Digital Tax Stamps to combat smuggling
Kampala, Uganda | THE INDEPENDENT | Uganda Revenue Authority (URA) has rolled out its digital tax stamps initiative geared at combating illicit trade and seal revenue leakages. Clare Musiime Bakanga, the URA head of change digital tracking solutions said many traders and businesses are being challenged by unfair competition …
Read More »URA seeks sh66bn additional funding
Kampala, Uganda | THE INDEPENDENT | Uganda Revenue Authority (URA) is seeking an additional funding of sh66.3 billion shillings to improve its operations. The request for more funds in the coming financial year 2019/2020 was on Thursday tabled before Parliament’s Finance Committee by the URA Commissioner General, Doris Akol. The …
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