Kampala, Uganda | THE INDEPENDENT | Uganda Revenue Authority Football Club URA FC has appointed Simeon Masaba as interim coach after parting ways with their former head coach, Sam Simbwa. The tax collectors reportedly failed to reach an agreement with Ssimbwa following the expiry of his contract after serving the …
Read More »Busia fish traders decry high clearance costs, taxes
Busia, Uganda | THE INDEPENDENT | More than 300 fish traders have deserted Busia fish market citing double taxation and high costs for clearing fish products for export. The fish traders claim that they pay Shillings 20,000 to get a clearance form, Shillings 50,000 for an export permit and US$ 0.05 per …
Read More »Russian vehicle tracking deal
How Museveni letter trapped Muhwezi Kampala, Uganda | THE INDEPENDENT | On Tuesday July 27, the new Minister for security, Maj. Gen. Jim Muhwezi made a humbling return to the headlines of Ugandan news media when he made a statement to parliament regarding the controversial vehicle tracking deal between Uganda …
Read More »UPDF imposter nabbed smuggling pens worth UGX 300 million
Kampala, Uganda | THE INDEPENDENT | Uganda Revenue Authority-URA field service team has arrested a man identified as Davis Bakashabaruhanga who was allegedly found smuggling 200 high end ink pens, worth 300 million shillings. Bakashabaruhanga, who donned full military attire was reportedly driving a truck registration number UAE 050F accompanied by …
Read More »Uganda eyes new terms as Kenya – Tanzania ‘economic fight’ rages
Kampala, Uganda | THE INDEPENDENT | Experts believe Uganda could benefit from the East African Region “economic war” between the two local giants, Kenya and Tanzania. A fight for Uganda’s cargo has emerged in the past two years, with Kampala seeking to take advantage of the war, by tabling new conditions. Apart …
Read More »URA misses 2020/21 revenue target by Shs2.4trillion
The taxman is optimistic about future performance Kampala, Uganda | JULIUS BUSINGE | The Commissioner General for Uganda Revenue Authority, John Rujoki Musinguzi, has an uphill task of collecting taxes from businesses and individuals that continue to face the COVID-19 pandemic hit. His supervisors at the Ministry of Finance …
Read More »URA records increase in revenue collections but falls short of target
Kampala, Uganda | THE INDEPENDENT | Uganda Revenue Authority (URA) has in 2020/21, the first full financial year in the period of COVID-19 recorded a growth in net revenue collections of 15% to Shs19.263 trillion compared to the previous year. In real terms, this reflects a growth in revenue of Shs2.511 …
Read More »Who gains, loses in new Uganda internet tax?
Kampala, Uganda | THE INDEPENDENT | The government has started implementing the new 12% excise duty on airtime and internet data, among other fiscal measures for the year 2021/2022 that started Thursday. The new tax was part of the amendments in the Excise Duty Act and replaces the Over the …
Read More »Gov’t, civil society call for joint tax revenue collection in EAC
Kampala, Uganda | THE INDEPENDENT | The Ministry of Finance, Planning and Economic Development and the Uganda Revenue Authority have agreed that there is a need to quickly centralize the collection of government revenues within the East African Community. Article 32 of the EAC Common Market Protocol provides for the harmonization …
Read More »Mixed fortunes in new income tax measures
Kampala, Uganda | THE INDEPENDENT | The newly introduced tax measures have generated mixed feelings and fortunes for taxpayers and the general public as a whole. Several tax measures and amendments to the tax laws have been completed and are due to take effect starting July 1, 2021. According to the …
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