Tag Archives: tax

NBS VIDEO: After failing to meet the revenue collection target for the 2015/2016 financial year, Uganda Revenue Authority has put up new avenues to ensure that Shs13 trillion target in the financial year 2016/2017 is attained. Doris Akol, URA Commissioner General says the authority has now partnered with 34 urban …

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 …

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 …

Civil Society Organisations (CSOs) have challenged Uganda Revenue Authority (URA) to be fair, clear and transparent to encourage everyone to pay taxes. “It is our responsibility to pay taxes and as citizens we have an obligation of questioning how our money is used.  If we have a clear system, then …

Panama Papers expose efforts plot to dodge taxes in oil deals When 370 journalists from 76 countries collaborate on an investigation, the resulting story is bound to be explosive. That is exactly what happened with what has come to be known as “The Panama Papers”; which is a huge leak …

By Julius Businge Business owners query new taxes on ICT, education, health, agriculture Francis Kamulegeya, the senior country partner for PriceWaterHouseCoopers in Uganda says “you cannot grow a sector without taxing it”. Kamulegeya’s view flips the common belief that “you cannot grow a sector without giving it incentives”. But Kamulegeya’s …

By Cissy N. Kagaba Why should Sembule Group chokes on debts while BIDCO is awarded a tax holiday of 25 years? The Auditor General’s report to parliament this month put the Ministry of Finance on the spot for gross abuse of tax payer’s money when it decided to settle tax …

By Joan Akello African Tax Administration Forum (ATAF) officials say Uganda has made strides in using the mobile phone tax payment to increase compliance. They say the South African Revenue Service is weighing its options on the move. “Uganda’s cell phone tax payment is great … with a great Commissioner …

By Ronald Musoke & Agencies The Africa Progress Panel has today urged the G8 leaders meeting at a two-day summit in Lough Erne, Northern Ireland, to make company ownership transparent, exchange tax information and support Africa’s tax collection agencies. The panel that advocates for equitable and sustainable development in Africa …

By Julius Businge A recent report released by the World Bank, IFC, and PwC finds that governments continue to reform their tax systems despite global economic uncertainty, with 31 economies having taken steps from June last year through May 2012 to make it easier and cost less for small and …