Kampala, Uganda | THE INDEPENDENT | Uganda and South Africa have eased tax procedures for exporters on both sides, aimed at enhancing the movement of goods between the two countries. During the South Africa Uganda Business Forum in Pretoria, the two countries’ revenue bodies signed a Mutual Recognition Agreement on Authorities Economic …
Read More »January revenue surplus gives URA hope of meeting year’s target
Kampala, Uganda | THE INDEPENDENT | Uganda Revenue Authority reports a surplus collection for the month of January 2023, giving hope of meeting the year’s target of 25 trillion Shillings. The 14-billion-shilling surplus has reduced the shortfall that was registered for the first half of the financial year 2022/2023 from 94.6 …
Read More »URA’s half-year performance for FY2022/23 improves but deficits remain
The tax authority collected Shs11.6tn in the six months, recording a Shs95bn shortfall Kampala, Uganda | JULIUS BUSINGE | Uganda Revenue Authority collected Shs11.6trillion against the target of Shs11.7tn for the first six months of the financial year 2022/23 – representing 46.4% of the annual target. URA’s Commissioner General John Rujoki …
Read More »URA launches crackdown on roadside fuel dealers in West Nile
Arua, Uganda | THE INDEPENDENT | The Uganda Revenue Authority-URA is to start joint enforcement operations targeting the illegal sale of fuel in the West Nile region. Across major towns in the West Nile region, fuel especially petrol is being sold openly in small jerry cans mainly by the youth on …
Read More »Health workers oppose stamp duty
Kampala, Uganda | THE INDEPENDENT | Health workers are questioning a move by the Uganda Revenue Authority (URA) to charge them an annual fee of 100,000 Shillings in stamp duty. The tax came into force in 2022 with the amendment of the Stamp Duty Act. According to Dr. Katumba Ssentongo, the …
Read More »URA to lose Shs2.8 trillion in tax exemptions
Kampala, Uganda | THE INDEPENDENT | The Uganda Revenue Authority (URA) may lose Shs2.8 trillion to tax exemptions, credits and deferrals for the financial year 2022/2023. This was revealed by the URA Commissioner General, John Musinguzi while presenting the entity’s Budget Framework Paper for the financial year 2023/2024 on Tuesday, 10 January …
Read More »URA moots plan to increase revenue collections
Kampala, Uganda | THE INDEPENDENT | Uganda Revenue Authority-URA started the calendar year 2023 with explanations regarding the new plan for the taxation of the incomes of artistes in the entertainment industry. This is one of the revenue measures being put in place for the financial year 2023/2024 which begins in …
Read More »How to fulfill your tax obligations with ease
COMMENT | Sarah M. Chelangat | For years, tax compliance has eluded the tax man with slightly over 2 million taxpayers out of a population of 20 million working adults contributing to the tax base. Of the 2 million registered taxpayers, 50% are companies doing business in Uganda. This means a …
Read More »URA steps up its fight against illicit trade
Kampala, Uganda | THE INDEPENDENT | URA has stepped up its fight against illicit trade through acquisition of a mobile cigarette destruction machine that will be used to destroy illegal cigarettes seized by the authority’s customs enforcement team. The Hammermill is a donation from the British American Tobacco (BAT) to provide …
Read More »URA urged to sensitise traders on new tax system
Kampala, Uganda | THE INDEPENDENT | Parliament calls for sensitization of traders before the full implementation of the Electronic Fiscal Receipting and Invoicing System (EFRIS). The House chaired by Deputy Speaker, Thomas Tayebwa on Wednesday, 07 December 2022 adopted the report of the Committee on Tourism, Trade and Industries recommending changes in …
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