In spite of the tight security at the different borders, smugglers are growing new tactics to beat customs personnel at every checkpoint. Last Friday the smugglers in truck registration number UBA 174C coming from Eastern Uganda hatched a smarter way of concealing their contraband goods. They almost succeeded! Acting on intelligence, this trick was burst …
Smugglers evolving with new Tactics to dodge taxes Read More »
To promote local manufacturing, the government revised import duty for one year where a 10% import duty up from 0% will apply for surgical and other gloves, and catalytic preparations for the manufacture of foam and spring mattresses; a 25% import duty up from 10% will also apply for brakes including coaster braking hubs and parts of motorcycle brake shoes; and for other springs for the manufacture of foam and spring mattresses.
IMMACULATE WANYENZE The thought of a Judge gavel, handcuffed wrists and the penalties that come with smuggling are perhaps the least of worries for Abdu Ofuba,39. He is not about to blur his ambition of the “get-rich-quick” mission with smuggling. From reports, Ofuba is a notorious offender who often uses porous routes through Busia, Nakasongala …
URA Tightens Intelligence Network Amidst New Tricks From Smugglers Read More »
By Immaculate Wanyenze In 2014, Uganda Revenue Authority terminated two of its staff Mugerwa Dominic and Muhwezi Abias formerly of Domestic Taxes, Jinja office. These between the months of January 2014 and September 2014 approved VAT refund payments of UGX 6.5 Billion to Rising Star Commodities Ltd. The said company had purportedly exported brown sugar …
URA Bites: Two Corrupt Officers Face Long Jail Sentence Read More »
Performance Overview Overall Revenue Performance Uganda Revenue Authority was given a revenue target, by the Ministry of Finance, Planning and Economic Development, of UGX 22,363.51 billion which is 16.10% (UGX 3,100.51) higher than the actual revenue collection from the last financial year. As a result, in the last six months, URA projected to collect 49.47% …
HALF YEAR REVENUE PERFORMANCE – July 2021 to December 2021 Read More »
Value Added Tax (VAT) is an indirect tax on consumption charged on value-added to taxable supplies at different stages in the chain of distribution. In Uganda, VAT is imposed on the supply of goods and services (taxable supplies) made by a taxable person, other than exempt supplies and imports other than exempt imports. KEY DEFINITIONS …
BY NOUELLA ANASO Effective 1st January 2022, URA started issuing instant Tax Identification Numbers (TINs) to individual taxpayers through an upgraded web-based application form. Taxpayers processing TINs to execute temporary transactions will most benefit from this upgrade. The upgraded web-based application form will only require a valid National Identification Number (NIN) for one to apply …
URA’s INSTANT TAX IDENTIFICATION NUMBERS SET TO BENEFIT INDIVIDUAL TAXPAYERS Read More »
BY CHELANGAT SARAH MUZUNGYO There has been growing anxiety in the business community due to a halt in the automated issuance of credit notes. This process has been amended by introducing a requirement for a credit note to be approved by an authorised officer of the Uganda Revenue Authority (URA). As a result, companies whose …
