The Ministry of Finance, Planning, and Economic Development set a target of 25.555 trillion Shillings for URA for the 2022/2023 financial year Kampala, Uganda | THE INDEPENDENT | Uganda Revenue Authority (URA) forecasts indicate it will register a shortfall of 365.13 billion Shillings this financial year. This is according to …
Read More »Ministry of works to fully handle motor vehicle registration
Kampala, Uganda | THE INDEPENDENT | With effect from 1st July 2023, all vehicle registration functions will be handled by the Ministry of Works and Transport (MoWT). This move is the final stage in the transition of Vehicle registration from URA to MoWT that commenced three years ago. The transition …
Read More »URA to lose UGX 2 trillion to tax exemptions
Kampala, Uganda | THE INDEPENDENT | Uganda Revenue Authority – URA is concerned that it will forego up to Sh2 trillion in tax expenditures in the next financial year. The URA Commissioner General, John Musinguzi, revealed this on Thursday while appearing before Members of Parliament on Parliament’s Committee of Finance …
Read More »Former URA tax officer remanded for causing Sh9 billion loss
It is alleged that between January 2021 and December 2021, Tumusiime reduced tax worth 4.5 billion shillings for several companies Kampala, Uganda | THE INDEPENDENT | The Anti Corruption Court in Kampala has remanded Dennis Tumusiime, a former Uganda Revenue Authority Tax Officer to Luzira Prison on charges of abuse …
Read More »Parliament sets conditions for Bujagali tax waiver
Kampala, Uganda | THE INDEPENDENT | Bujagali Energy Limited (BEL) will refund US$342 million to the Ugandan government for overpaid fees subject to a forensic audit by the Attorney General. This is after Parliament chaired by Speaker Anita Among on Wednesday, 15 March 2023 adopted the report of the Adhoc …
Read More »URA request for banks to provide details of customer accounts illegal – Court
Kampala, Uganda | THE INDEPENDENT | The Constitutional Court sitting in Kampala has ruled as illegal a request by the Uganda Revenue Authority (URA) to all banks to provide it with all the details of their customers. In a lead judgement written by Justice Christopher Madrama Izama, the court found that …
Read More »URA confiscates illicit medicine at Entebbe International Airport
Kampala, Uganda | THE INDEPENDENT | Uganda Revenue Authority on Wednesday impounded drugs that were being smuggled into the country through Entebbe International Airport. URA’s non-intrusive inspection scanner at the airport identified the hidden drugs in the personal belongings of Kizigo J. Farouk, a regular Ugandan trader. Simon Esunget, the URA …
Read More »Tax bodies agree on measures to boost Uganda-South Africa trade links
Kampala, Uganda | THE INDEPENDENT | Uganda and South Africa have eased tax procedures for exporters on both sides, aimed at enhancing the movement of goods between the two countries. During the South Africa Uganda Business Forum in Pretoria, the two countries’ revenue bodies signed a Mutual Recognition Agreement on Authorities Economic …
Read More »January revenue surplus gives URA hope of meeting year’s target
Kampala, Uganda | THE INDEPENDENT | Uganda Revenue Authority reports a surplus collection for the month of January 2023, giving hope of meeting the year’s target of 25 trillion Shillings. The 14-billion-shilling surplus has reduced the shortfall that was registered for the first half of the financial year 2022/2023 from 94.6 …
Read More »URA’s half-year performance for FY2022/23 improves but deficits remain
The tax authority collected Shs11.6tn in the six months, recording a Shs95bn shortfall Kampala, Uganda | JULIUS BUSINGE | Uganda Revenue Authority collected Shs11.6trillion against the target of Shs11.7tn for the first six months of the financial year 2022/23 – representing 46.4% of the annual target. URA’s Commissioner General John Rujoki …
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