Speaker of Parliament Rebecca Kadaga has adjourned parliament until a court order by the Constitutional Court halting any discussion on the “Presidential Handshake” is vacated. “I cannot accept a situation where the court dictates how we operate and determine the order paper,” Kadaga said. “I direct the Attorney General to move …
Read More »Court stops parliament from debating ‘Presidential handshake’
Uganda’s Constitutional Court has issued an interim order stopping parliament from debating, investigating or inquiring into the presidential hand shake, until a main petition filed against the Attorney General is heard and disposed of. Deputy Chief Justice Steven Kavuma on Monday granted the application filed by Eric Sabiiti the Senior …
Read More »SH6billion: URA explains ‘Presidential handshake’
Uganda Revenue Authority has explained the circumstances under which several government officials were rewarded for helping win the 2014 capital gains tax case against UK based oil company Heritage. “It is standard international best practice for employees to receive bonus payments/ or honoraria for exemplary performance in both the public …
Read More »VIDEO: MPs up in arms over Heritage Oil case cash reward
VIDEO: Legislators have condemned a reward of sh7 billion of oil money given to senior government officials after they won an oil tax case against Heritage Oil. The legislators under a loose coalition dubbed; “NRM Members of Parliament Think-tank”want the Speaker of Parliament Rebecca Kadaga to cause an investigation into …
Read More »COMMENT: On-job training for graduates
COMMENT BY: Badru Walusansa Facilitate transition from education the world of work by passing on work skills and industry competencies Graduate unemployment in Uganda is stale news. Graduate unemployment figures have significantly soared for the last decade leaving no sign of scaling down. Every year, both public and private universities …
Read More »BUSINESS: Workplace Saving schemes
The latest threat to commercial banking? At the end of November 2016, the Uganda Revenue Authority’s staff Savings and Credit Cooperative (SACCO) held up to Shs12.6 billion on its account as the cumulative savings of its members.That amount is triple the minimum capital requirement to start a Tier II bank …
Read More »VIDEO: New VAT, online challenges for URA and Africa
VIDEO: African Tax administrators have called for the need to strengthen Value Added Tax Administration on the continent to increase tax revenues. Uganda Revenue Authority Commissioner General Doris Akol says improving domestic Revenue Collection, is the only way African tax bodies can combat tax evasion. Akol was speaking during the 17th …
Read More »Parliament defies President Museveni on income tax
Parliament on Tuesday defied President Yoweri Museveni’s directive to have the Income Tax (Amendment) Bill, 2016 amended to allow MPs’ allowances to be taxed. “The Committee recommends that the Tax Bill be passed in its current form, and be sent back to the president for assent,” Henry Musasizi, the chairperson …
Read More »What launch of Single Electronic Window means for Uganda
Single Electronic Window: The new system will see a 30% reduction in transaction costs for the private sector Uganda Revenue Authority (URA) has launched the Uganda Single Electronic Window system. The new system will see a 30% reduction in transaction costs for the private sector, writes Juddie Kilungu. It will also …
Read More »AKOL: Plan for taxes from the start of your business
Uganda Revenue Authority (URA) Commissioner General Doris Akol has encouraged entrepreneurs and businesses to not only plan for marketing, rent, wages and transport costs, but also taxes, that eventually determine the survival of their enterprise. “Businesses need to start looking at tax as another cost of operation. My advice to …
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