Having been appointed in October 2014 to replace the long-serving Allen Kagina as commissioner general of the Uganda Revenue Authority (URA), Doris Akol started her tenure on a rather good note. At the presentation of her very first annual revenue performance report in July last year, she was all smiles …
Read More »VIDEO: URA plans new tax measures
NBS VIDEO: After failing to meet the revenue collection target for the 2015/2016 financial year, Uganda Revenue Authority has put up new avenues to ensure that Shs13 trillion target in the financial year 2016/2017 is attained. Doris Akol, URA Commissioner General says the authority has now partnered with 34 urban …
Read More »URA collects record 11.2 trillion, sh400bn short of target
Uganda Revenue Authority (URA) collected sh11.23 trillion, 400 billion less than targeted for the fiscal year 2015/16. Despite the shortfall on the target, the tax figures represented a growth of 15.60% (sh1.5 trillion) from the previous year’s figure of sh9.7 trillion collected in revenue. URA has now been taxed to …
Read More »URA’s poor tax administration
How corruption has disabled mechanisms through which the business community can fight for better tax laws THE LAST WORD: By Andrew M. Mwenda Uganda’s ratio of taxes to Gross Domestic Product (GDP) has remained almost stagnant for 19 years. In 1997, it was 11%. Since then it has risen to …
Read More »Fight over Museveni’s business bailout money
Inside the Shs1 trillion rescue plan for loan stressed companies On July 9, President Yoweri Museveni summoned top officials from the Ministry of Finance, the Central Bank and Uganda Revenue Authority (URA) for a meeting at State House, Entebbe. Amongst those who attended what has been described as a high …
Read More »Uganda Revenue Authority collections rise by 16%
Uganda Revenue Authority (URA) Commissioner General Doris Akol has revealed that revenue collections have grown by 16% this year. Revenue collected by the URA, has also helped fund about 61% of the Government Expenditure Budget. Akol made the revelations in an end-of-financial-year statement Monday, in which she hailed taxpayers of …
Read More »LIVE: URA Budget analysis engangment
The Uganda Revenue Authority together with the Ministry of Finance, Planning and Economic Development on Monday held a seminar to help tax payers understand what they are up against in the budget that was read last week. “We are here to help the ordinary person understand how the budget affects …
Read More »UGANDA: 80% of economy informal, does not pay taxes
Unlike the others that came before it, this year’s Open Minds Forum was a heated and impassioned event. Held under the theme: “Informal sector; an invisible force with visible impact,” the May 05 public forum in Kampala, organised by the Uganda Revenue Authority (URA), was expected to pit the business …
Read More »Uganda Budget revised to Shs 26.3 trillion
Last year, the government revised the current budget from Shs 18.3 trillion to Shs 23.9 trillion citing the upcoming general elections, which it was claimed required more funding. The national budget that will be presented next month will be worth a record Shs 26.3 trillion, an increase of 9%. What …
Read More »VIDEO: URA urges Informal Sector to formalize their businesses
URA urges Informal Sector to formalize their businesses and benefit from a wider Uganda market. READ FULL STORY (Click here) Share on: WhatsApp
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