Tag Archives: ura

Uganda Revenue Authority (URA) collected sh11.23 trillion, 400 billion less than targeted for the fiscal year 2015/16. Despite the shortfall on the target, the tax figures represented a growth of 15.60% (sh1.5 trillion) from the previous year’s figure of sh9.7 trillion collected in revenue.  URA has now been taxed to …

How corruption has disabled mechanisms through which the business community can fight for better tax laws THE LAST WORD: By Andrew M. Mwenda Uganda’s ratio of taxes to Gross Domestic Product (GDP) has remained almost stagnant for 19 years. In 1997, it was 11%. Since then it has risen to …

Inside the Shs1 trillion rescue plan for loan stressed companies On July 9, President Yoweri Museveni summoned top officials from the Ministry of Finance, the Central Bank and Uganda Revenue Authority (URA) for a meeting at State House, Entebbe. Amongst those who attended what has been described as a high …

Uganda Revenue Authority (URA) Commissioner General Doris Akol has revealed that revenue collections have grown by 16% this year. Revenue collected by the URA, has also helped fund about 61% of the Government Expenditure Budget. Akol made the revelations in an end-of-financial-year statement Monday, in which she hailed taxpayers of …

The Uganda Revenue Authority together with the Ministry of Finance, Planning and Economic Development on Monday held a seminar to help tax payers understand what they are up against in the budget that was read last week. “We are here to help the ordinary person understand how the budget affects …

Unlike the others that came before it, this year’s Open Minds Forum was a heated and impassioned event. Held under the theme: “Informal sector; an invisible force with visible impact,” the May 05 public forum in Kampala, organised by the Uganda Revenue Authority (URA), was expected to pit the business …

Last year, the government revised the current budget from Shs 18.3 trillion to Shs 23.9 trillion citing the upcoming general elections, which it was claimed required more funding.  The national budget that will be presented next month will be worth a record Shs 26.3 trillion, an increase of 9%. What …

URA urges Informal Sector to formalize their businesses and benefit from a wider Uganda market. READ FULL STORY (Click here) Share on: WhatsApp

Andrew Rugasira has warned that the difficulty in registering businesses in Uganda causes preference by many for informality in the economy. He said the entrepreneurial spirit is present among many Ugandans, but is undermined by many unnecessary obstacles, including that it takes up to 27 days to register a business. …

Report exposes rich professionals, government officials not paying income tax. URA now plans to tax better, not more. Do you often transfer large sums of money in banks, drive a posh car, live in a palace, buy land often, travel abroad often and travel either business or First Class? Are …