Tag Archives: ura

Kampala, Uganda |  THE INDEPENDENT |  Members of Parliament have asked the government to reduce domestic borrowing as a means to finance the budget saying it will crowd out the private sector. The MPs were today meeting the Ministry of Finance and the Uganda Revenue Authority (URA) to consider two loan …

Kampala, Uganda | THE INDEPENDENT | Government has finally allowed Tullow to sell all its stake in Uganda’s oil and gas sector to French oil giant Total E&P. Tullow in a statement on Wednesday announced that the Ministry of Energy and Uganda Revenue Authority approved the deal valued at $575 million …

Economic experts warn that it is too early to celebrate the performance Kampala, Uganda | JULIUS BUSINGE | Uganda Revenue Authority has recorded a surplus in revenue collection for the first quarter of the Financial Year 2020/21 amidst the coronavirus pandemic but economic experts warn it is too early to …

Why our country continues to take more and more loans and what this means for the economy THE LAST WORD | ANDREW M. MWENDA | Uganda is at a crossroads. Early this year, government passed a budget of Shs32 trillion for the 2020/2021 Financial Year. It also projected to collect …

Kampala, Uganda |  THE INDEPENDENT |   The Uganda Revenue Authority has recorded a surprise surplus of more than 1 trillion Shillings in collections for the the first quarter of the financial year 2020/2021. In all the three months July to September, collections were above the target, reversing the high under-performing …

Kampala, Uganda | THE INDEPENDENT | A panel of five Constitutional Court Justices have dismissed a petition in which businessman Hassan Basajjabalaba’s company, Haba Group Uganda Limited had challenged tax imposition on its 169 billion shillings compensation. The money had been awarded to the company by the government following the cancellation …

Kampala, Uganda | THE INDEPENDENT | Manufacturers and importers of beverages and cigarettes have five days to have their products stamped with the Digital Tax Stamp (DTS), or their goods will not be on the market. The DTS is a machine-readable stamp put on a package of a product to …

Oil and gas explorer says ‘potential liquidity shortfall’ threatens ability to pass lenders’ test | THE INDEPENDENT | Tullow Oil plc has warned it risks defaulting on a debt facility if it does not resolve a potential liquidity shortfall, as it slumped to a $1.4 billion pre-tax loss for the …

URA’s legal win means benefits will be subjected to PAYE Kampala, Uganda | JULIUS BUSINGE | It is now official that workers who will be paid benefits as a result of retrenchment will be subjected to Pay as You Earn tax – which is 30% of the total earnings. This …

Kampala, Uganda |  THE INDEPENDENT  The Uganda Revenue Authority-URA board has appointed new commissioners to replace those fired in May 2020. The appointments made after the August 26, 2020 sitting saw Abel Kagumire appointed as the commissioner customs. Kagumire had been acting in the position since early this year. Richard Kariisa  has …