Civil Society Organizations (CSOs) have launched a countrywide campaign by marching in Kampala streets against a proposed tax allowance exemption for Members of Parliament (MPs). The organisations say they are marching in support of President Yoweri Museveni’s original stand against an MPs tax allowance exemption. The street march which started from …
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 »ANALYSIS: How did India’s Modi pull off bold rupee shake-up?
Mumbai, India | AFP | Months of planning by a select few sworn to secrecy and then cash-laden trucks on the streets. But this was no bank robbery — rather an audacious plan to issue new notes across India. There are 1.25 billion people in India but only a handful …
Read More »Anger, outrage as Kenya Revenue Authority exempts Uber from paying VAT
Kenya Revenue Authority’s recent decision to spare the tax hailing firm Uber from paying Value Added Tax on rides has prompted outrage and anger among the company’s drivers. It has also angered regular cab companies operating in Kenya as they have to pay VAT on their services rendered. KRA has …
Read More »Uganda re-elected on African tax forum council, wins 2 awards
Uganda has been re-elected member of the African Tax Administration Forum (ATAF) council at the ongoing General Assembly in Durban, South Africa. The country’s revenue authority URA also won two awards, coming top in Africa in the 2016 Innovation Awards in Customer Service and the Innovation Awards for Modernization. The new ATAF Council elected for …
Read More »Experts salute URA but warn of a mountain to climb to lift Tax-GDP ratio
URA at 25: Experts salute URA but warn of a mountain to climb to lift tax:GDP ratio from miserable 12% On September 20, Uganda Revenue Authority (URA) across the country replaced their shirts and tops with T-shirts inscribed with the words: “Believe there is good in the world” and headed …
Read More »Hima Cement pins growth on $40m new Tororo plant
Lafarge Africa hopes to boost its market share in Uganda’s cement market through its subsidiary Hima Cement Ltd’s new plant in the country’s eastern region. The $40million plant, set to be constructed at Nyakesi in Rubongi in Tororo, is expected to increase the firm’s cement production capacity to 1.8million metric …
Read More »MUSEVENI: URA can lead Uganda to middle income status
President Yoweri Museveni has described the Uganda Revenue Authority (URA) as one of the successes of the National Resistance Movement government. “You are among the greatest heroes of this nation,” said Museveni, in a speech read for him by the Prime Minister Ruhakana Rugunda at the climax of URA’s Silver Jubilee celebrations …
Read More »LinkedIn founder offers $5 mn if Trump releases taxes
Washington, United States | AFP | The co-founder of LinkedIn pledged Monday to donate up to $5 million to a crowdfunded charitable campaign for veterans if Republican presidential nominee Donald Trump releases his tax returns. Reid Hoffman, a founder of the professional social network and Silicon Valley entrepreneur, made the …
Read More »VIDEO: KCCA to start taxing property revenue on commercial buildings
VIDEO: Kampala Capital City Authority (KCCA) is to start taxing all commercial buildings in Kampala especially shopping malls and hotels. The move according to the director Revenue Collections at KCCA Sam Sserunkumba is aimed at widening the tax base. KCCA is currently struggling to raise targeted revenue. Share on: WhatsApp
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