Kampala, Uganda | THE INDEPENDENT | Water and Environment Minister Sam Cheptoris has suggested that the government considers exempting taxes from all gas products and distributes gas cylinders at discounted rates in order to reduce the destruction of forests. Cheptoris says that the initial price of gas cylinders is a …
Read More »Trump heads to G7 with potshot at French hosts over taxes
Washington, United States | AFP | US President Donald Trump threatened his French hosts with taxes on their wines Friday as he headed to a G7 summit in France with a series of parting shots, including another broadside at the Federal Reserve’s chairman. After a day that saw big falls on …
Read More »Uganda airlines maiden flight to cost UGX 166,000
Kampala, Uganda | THE INDEPENDENT | Uganda Airlines has slashed prices for the maiden flight slated for 28 August with a one-way ticket put at 166,000 shillings from Entebbe to Jomo Kenyatta International Airport (JKIA). This means a return ticket goes for an enticing 330,000 shillings, a huge deal from the …
Read More »URA: Compliance, debt collection and fighting fraud yields sh383 bn
Kampala, Uganda | THE INDEPENDENT | Uganda Revenue Authority’s continued focus on compliance management, debt collection, customs enforcement and investigation of fraudulent schemes ensured the tax body saved sh383 billion in collections in 2018/19. Compliance initiatives yielded sh151.18 billion, debt recoveries brought in sh92.45 billion, customs enforcement had sh78.48 billion saved while investigations were …
Read More »Tax-weary Greek traders welcome change of government
Athens, Greece | AFP | “Once my taxes are paid, at the end of the day I have 20 or 25 euros left in my pocket,” lamented Greek hairdresser Babis Toumbanos. Like him, there are many entrepreneurs in the country who want the new conservative government that emerged from the July …
Read More »Kadaga bitter with URA for taxing Albino lotion
Kampala, Uganda | THE INDEPENDENT | The speaker of Parliament has expressed her disappointment in Uganda Revenue Authority for continuing to levy taxes on the sunscreen lotion. Sunscreen Lotion helps people living with Albinism against the sun rays that cause cancer. The speaker was speaking on Friday at a thanksgiving ceremony …
Read More »Experts speak out on proposed taxes for financial year 2019/2020
Kampala, Uganda | Julius Businge | Tax experts have weighed in on the recently introduced taxes aimed at increasing domestic revenue to fund the new budget for FY2019/20. Speaking at a half day post budget tax dialogue organised by the Southern and Eastern Africa Trade Information and Negotiations Institute (SEATINI), …
Read More »Lukwago starts probe into Kawempe property valuation exercise
Kampala, Uganda | THE INDEPENDENT | The Kampala Lord Mayor, Erias Lukwago has commenced investigations into the property valuation exercise for Kawempe Division. On Monday, Lukwago held a closed-door meeting with a team from the valuation office and leaders from Kawempe division. Earlier this month, council leaders in Kawempe and residents …
Read More »URA collects Ugx 13.5 Trillion in 10 months
Kampala, Uganda | THE INDEPENDENT | Uganda Revenue Authority collected taxes to the tune of 13.5 trillion Shilling from July, 2018 to April 2019, according to the ministry of Finance April performance of the economy report. This translates into a 365.5billion surplus from the target that the tax body was expected …
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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