Tag Archives: DTS

    Kampala, Uganda | THE INDEPENDENT | The National Cement Company has praised Digital Tax Stamps (DTS) for their effectiveness in tackling the issue of counterfeit cement in the market. Introduced in 2019, DTS is a measure designed to digitize tax administration, aiming to prevent revenue leakages, particularly in …

But it reported revenue shortfall in withholding tax, temporary road license and export levy | THE INDEPENDENT | Uganda Revenue Authority collected net revenue amounting to Shs5.4trillion against a target of Shs5.1trillion for the three months ending September 30, representing a Shs286billion surplus. This represents a 105.58% improved performance and …

Kampala, Uganda | THE INDEPENDENT | Experts have cautioned Uganda and other East African countries to go slow on the implementation of taxation of digital services. This comes as the countries prepare to join 133 others around the world to implement the Digital Services Tax (DTS) in line with the …

Commissioner General John Musinguzi outlines ways of hitting this target | THE INDEPENDENT | Uganda Revenue Authority Commissioner General John Rujoki Musinguzi has outlined his plan that will make it possible for him to achieve the Shs25.1tn target for FY2022/23 set by the Minister of Finance Planning and Economic Development. …

The government takes a huge chunk of revenues as taxes to reduce tobacco smoking Kampala, Uganda | THE INDEPENDENT | British American Tobacco Uganda has defied the effects of coronavirus pandemic to record a 27% surge in net profit to Shs19.9bn for the year ended December 2020. BATU will now …

Manufacturers want government to continue footing the bill for due to coronavirus pandemic Kampala, Uganda | JULIUS BUSINGE | Uganda’s manufacturers now want government to continue footing the bill for the Digital Tax Stamps (DTS) due to the threat being posed by coronavirus pandemic (COVID-19) to businesses. DTS are markings …

Kampala, Uganda | THE INDEPENDENT | The Commissioner General of Uganda Revenue Authority (URA), Doris Akol on Wednesday found difficult to justify the 103 billion shillings required funds for the digital stamps project. Members of Parliament sitting on parliament’s budget committee described the request as fraud. Akol appeared before the committee chaired …