Kampala, Uganda | THE INDEPENDENT | President Yoweri Kaguta Museveni has warned government agencies in charge of taxation from imposing direct taxes on large scale manufacturers. This, Museveni said, discourages investment. Speaking at Hariss International, the producers of Riham products, at their factory in Kawempe, Museveni said he doesn’t want …
Read More »FY2023/24 Budget: Taxes on digital services exposes gap between policy aspirations and implementation
Government to slap taxes on online services without a plan for device uptake Kampala, Uganda | JULIUS BUSINGE | Finance Minister, Matia Kasaija’s decision to impose a value-added tax on digital services without creating an enabling environment for the population to access internet-enabled devices such as smartphones reveals a disconnect between …
Read More »Playing politics with the Budget
Experts speak on 2023/24 allocations, taxes, borrowing COVER STORY | ISAAC KHISA | The government’s plan to spend more money next financial year which it hopes mainly to borrow because it cannot raise it otherwise, has led to accusations that “it is playing politics with the budget”. “Our government should not …
Read More »Parliament considering moratorium on ministerial tax waivers, exemptions
Kampala, Uganda | THE INDEPENDENT | Members of Parliament have proposed a moratorium on the powers of Ministers to grant tax waivers and tax exemptions to individuals and companies operating businesses in the country. The legislators are concerned over the persistent requests from the government for additional funds from Parliament …
Read More »MPONDWE: Smuggling frustrating URA tax collection targets
Kasese, Uganda | THE INDEPENDENT | Smuggling of goods through porous borders in Mpondwe, Kasese district is frustrating the efforts of the Uganda Revenue Authority (URA) to achieve its tax collection targets. Smuggling involves the supply, distribution, and sale of products on which applicable taxes in the country of consumption …
Read More »‘Tax revenues grow, but URA won’t hit target’
The Ministry of Finance, Planning, and Economic Development set a target of 25.555 trillion Shillings for URA for the 2022/2023 financial year Kampala, Uganda | THE INDEPENDENT | Uganda Revenue Authority (URA) forecasts indicate it will register a shortfall of 365.13 billion Shillings this financial year. This is according to …
Read More »URA to lose UGX 2 trillion to tax exemptions
Kampala, Uganda | THE INDEPENDENT | Uganda Revenue Authority – URA is concerned that it will forego up to Sh2 trillion in tax expenditures in the next financial year. The URA Commissioner General, John Musinguzi, revealed this on Thursday while appearing before Members of Parliament on Parliament’s Committee of Finance …
Read More »Former URA tax officer remanded for causing Sh9 billion loss
It is alleged that between January 2021 and December 2021, Tumusiime reduced tax worth 4.5 billion shillings for several companies Kampala, Uganda | THE INDEPENDENT | The Anti Corruption Court in Kampala has remanded Dennis Tumusiime, a former Uganda Revenue Authority Tax Officer to Luzira Prison on charges of abuse …
Read More »Parliament sets conditions for Bujagali tax waiver
Kampala, Uganda | THE INDEPENDENT | Bujagali Energy Limited (BEL) will refund US$342 million to the Ugandan government for overpaid fees subject to a forensic audit by the Attorney General. This is after Parliament chaired by Speaker Anita Among on Wednesday, 15 March 2023 adopted the report of the Adhoc …
Read More »Review taxes on internet, devices-CSOs
This comes at a time parliament is now involved in coming up with a proposed budget for the next financial year Kampala, Uganda | THE INDEPENDENT | Ugandan government need to review taxes on internet and internet-enabled devices such as smartphones ahead of the proposed national budget for the Financial Year …
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