Kasaija asks for greater involvement by all Ugandans in implementing new budget Finance Minister, Matia Kasaija has urged all Ugandans to roll up their sleeves and make a contribution towards the smooth implementation of the Shs 29 trillion budget for financial year 2017/18. He said in future, the Ministry …
Read More »LIVE: URA annual budget breakfast
Uganda Revenue Authority (URA) is today holding public budget breakfast meetings at four venues across the country – in Kampala, Mbale, Mbarara and Gulu. According to the Commissioner General of URA Doris Akol, “the budget breakfast being held today provides an opportunity to discuss and understand the new tax policy …
Read More »URA recognises top 20 tax-paying educational institutions
URA recognises top 20 tax paying educational institutions Uganda Revenue Authority has released a list of top 20 tax payers in the education sector ahead of June 8 – the day Finance Minister Matia Kasaija presents the 2017/18 national budget. According to a notice released by URA’s Commissioner General, Doris Akol …
Read More »Will URA achieve the Shs420bn revenue target from small businesses by 2018/19?
The taxman plans to increase sentisation to meet targets of the program Last financial year, Uganda Revenue Authority (URA) set an ambitious target to collect Shs420bn from small businesses across the country but preminary performance shows that it is likely not to be as expected. Data from the URA shows …
Read More »‘Bad economy’ as URA records Sh240bn shortfall in 9 months
The Uganda Revenue Authority (URA) has recorded a shortfall of Shs 240bn in the first three quarters of FY 2016/2017 amidst a tough economic environment. As a sign of the times, the International Monetary Fund (IMF) this week revised GDP growth for Uganda for FY2016/17 to 3.5% from government projections …
Read More »BUSINESS: Uganda’s rice politics
Tax waiver on brown rice is meant to reduce its price from Shs 4,500 to Shs 3,000 per kilogramme The good news for rice consumers in Uganda is that if the Ministry of Finance, Planning and Economic Development sticks to its guns to have unprocessed rice commonly known as “brown …
Read More »VIDEO: URA explains vehicle registration taxes
VIDEO: URA explains vehicle registration taxes Motor Vehicle and motorcycle registration fees have for years been a subject of debate, with importers of cars and other properties accusing the tax body of taxing them highly. But the Uganda Revenue Authority Assistant Commissioner field services Stephen Magera, blames their tax burden …
Read More »URA looks set to surpass 2016-17 revenue target by Shs 500 billion
Uganda Revenue Authority (URA) is on track to collect tax revenue of Shs 500 billion above target by end of the financial year 2016/2017. URA’s Commissioner General, Doris Akol says Shs 10.5 trillion has so far been collected as revenue for this financial year, and projections are now that they will collect …
Read More »Uganda sets up independent committee to deal with tax agents
Government of Uganda has set up a five-member committee to check the powers of the self regulated tax agents. Henry Saka, the commissioner for domestic taxes told The Independent on the sidelines of an event unveiling the committee at the Uganda Revenue Authority (URA) headquarters in Nakawa on May 10, …
Read More »Museveni deflects blame on oil handshake bonus
President Yoweri Museveni sought to deflect the blame and criticism aimed at him over a cash bonus given out to government officials who played a part in Uganda’s victory in international arbitration against oil companies. In a closed door session at State House Entebbe with parliamentary probe committee on the …
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