Kampala, Uganda | THE INDEPENDENT | Parliament on Wednesday passed the Excise Duty (Amendment), 2022, but rejected a proposal seeking to reduce tax on fuel. The proposal was carried in a minority report presented by Kampala Central MP, Muhammad Nsereko. Nsereko proposed that the excise duty on motor-spirit gasoline which …
Read More »CSOs urge government to audit Bujagali Dam tax incentives
| THE INDEPENDENT | Uganda government needs to carry out an audit to assess the impact of tax exemptions on Bujagali Hydropower Dam on the consumers prior to making any further extensions to minimise further revenue losses, according to civil society organisations. The CSOs under their umbrella organisation ‘The Tax …
Read More »Government rallies banks to help increase tax revenues
Kampala, Uganda | THE INDEPENDENT | The government is rallying commercial banks and other financial institutions to help it increase tax revenues by ensuring more people are taxed. As the presentation of the 2022/23 national budget draws closer, the Uganda Revenue Authority figures show an uphill task if the agency is to …
Read More »Parliament wants cabinet to reverse merger plans for some agencies
Kampala, Uganda | THE INDEPENDENT | The Adhoc committee set up by parliament to review the proposed merger of several autonomous has asked the cabinet to reconsider the decision on some agencies. This is part of the recommendation in the Adhoc committee reports presented to the house by the Bukanga …
Read More »Standard’s body slowing digital stamps roll out
Kampala, Uganda | THE INDEPENDENT | The Igara County East MP, Michael Mawanda, is troubled about the modus operandi of implementing the digital stamps policy by the Uganda Revenue Authority. Digital tax stamps rolled out in November 2019 contain security features and codes to prevent counterfeiting of products and enable to track …
Read More »New report hints on Uganda’s tax opportunities
URA should make personal income taxes more progressive by raising PAYE entry threshold Kampala, Uganda | JULIUS BUSINGE | A new report published by Oxfam, Southern and Eastern Africa Trade Information and Negotiations Institute and other non-governmental organisations has identified gaps related to gender taxation, policy and administration, and that …
Read More »Night economy helps URA surpass its target
Kampala, Uganda | THE INDEPENDENT | URA has partly attributed the recent excessive revenue collection of the third quarter of the financial year 2021/22 to the resumption of the night economy and the full reopening of the entire economy. Between January and March this year, URA collected 1,834.37 Billion Shillings against a …
Read More »KARUHANGA: Local companies also need support
Kampala, Uganda | THE INDEPENDENT | Investors in the Oil and Gas related business are crying foul over the attitude of Uganda commercial banks towards them when they approach them to finance their projects. The local investors, who are mainly Tier 2 and 3 contractors in the industry, say most …
Read More »Gov’t advised to change tax systems amid low revenue collections
Kampala, Uganda | THE INDEPENDENT | An expert study has recommended that the Uganda Revenue Authority be transformed into a statutory agency with more powers on the policies that govern tax administration. Currently, the URA lies under the direct supervision of the Ministry of Finance, Planning and Economic Development, which is …
Read More »Up to UGX 172 Billion uncollected from vehicle warehouses: URA
Kampala, Uganda | THE INDEPENDENT | Uganda Revenue Authority-URA is finding it difficult to collect up to Shillings 172 billion from used vehicles in bonded warehouses using the current tax administration system. According to the current system, all imported vehicles are required to pay taxes in a period not exceeding 9 …
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