Human capital, security and governance take lion’s share of the 2021 national budget | THE INDEPENDENT | Uganda’s newly appointed State Minister for Planning Amos Lugolobi on June.10 unveiled the contents of the 2021/22 national budget to the public. Setting out the government’s tax and spending plans for the year …
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Kampala, Uganda | THE INDEPENDENT | The application process for the Tax Identification Number (TIN) is now completely web-based, making it easier and quicker to get than before. According to Uganda Revenue Authority- URA, it has also made changes in the existing TIN application form to improve the experience of …
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Kampala, Uganda | THE INDEPENDENT | Robert Kyagulanyi Ssentamu alias Bobi Wine has received his bulletproof vehicle from Uganda Revenue Authority-URA. The tax body returned the vehicle that they impounded over tax issues following a directive from President Yoweri Kaguta Museveni. The tax body impounded the vehicle in April after court …
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How Uganda’s tax policy on real estate has destroyed the once thriving sector and stifled economic growth THE LAST WORD | ANDREW M. MWENDA | This week, the government will read the 2021/22 budget. Given the poor performance of the economy, government is proposing new taxes. For instance, it has …
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Kampala, Uganda | THE INDEPENDENT | The Uganda Revenue Authority (URA) revenue collection targets for the next three years are far from achievable, with the tax body facing several challenges according to officials. This is a repeat of what has been happening for most of the previous short and midterm strategies …
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Kampala, Uganda | THE INDEPENDENT | This year as the 2021-22 financial year starts, Uganda Revenue Authority (URA) marks 30 years since its creation, as part of the 1991 reforms which were aimed at improving government revenue collection. The tax body with Edward Larbi Siaw as the first commissioner general, collected …
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Its non-performing loans moved slightly from 3.95% to 3.97% Kampala, Uganda | ISAAC KHISA | Centenary Bank has defied the effects of coronavirus pandemic to record a 3.4% growth in net profit to Shs161.2bn for the year ended Dec. 2020. According to the bank’s financial statements, total assets increased from …
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How to raise money from ideas that failed Kampala, Uganda | ISAAC KHISA | Finally its May, the month in which parliament as the Committee of Supply debates and passes the 2021/22 national budget. Unlike in recent years, the focus of debate has shifted from sector allocation to another …
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Busia, Uganda | THE INDEPENDENT | Uganda Revenue Authority (URA) officers have impounded over 30 Kenyan registered trucks for smuggling goods at Busia border. The trucks were impounded while crossing porous points at two villages of Sofia and Marachi in Eastern division of Busia municipality. Most of the trucks were …
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Kampala, Uganda | THE INDEPENDENT | Former presidential candidate Robert Kyagulanyi (Bobi Wine) has termed as continued persecution, the demand by Uganda Revenue Authority that he pays extra money as tax to clear his armoured car. This comes after URA revalued the car at USD 166,700 ( 601 million Shillings) and revised …
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The Independent Uganda: You get the Truth we Pay the Price