Immaculate Wanyenze – Page 79

ELGON HYDRO SITI LIMITED vs. UGANDA REVENUE AUTHORITY TAT APPLICATION NO. 125 OF 2019

Judgments & Rulings / By Immaculate Wanyenze / August 28, 2022 September 15, 2022

Brief Facts: This ruling was in respect of an Application challenging the classification of imported valves to be used by a hydraulic turbine under the HSC code and the proper calculation of the tax due. The Applicant classified valves under subheading 8410.12, attracting 0% import duty, instead of subheading 8481.80, attracting 10% import duty. The …

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URA meets Hoteliers to offer tailor made tax solutions

News / By Immaculate Wanyenze / August 26, 2022 August 26, 2022

By Irene Kabakama URA met with more than 300 hotel owners to listen to the plight they go through as an industry, as they push for compliance. The engagement was organized by the Uganda Hotel Owner’s Association at Protea Hotel in Kololo. Speaking at the engagement on Thursday, John R. Musinguzi, the Commissioner General of …

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Why we should all embrace the new rental tax regime

The Lead Story / By Immaculate Wanyenze / August 26, 2022 August 26, 2022

By Sarah M. Chelangat The rental tax regime in Uganda has undergone numerous changes through amendments in the Income Tax Act. These changes are intended to find an acceptable rental tax regime that will increase the revenue collections from the sector as well as eliminate the unfairness caused to individual taxpayers to benefit companies. Prior …

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URA Eastern enforcement teams intercept wheat flour

News / By Immaculate Wanyenze / August 24, 2022 August 24, 2022

Despite far reaching consequences of smuggling like substandard goods on the market, those engaged in the “game” will hatch all tricks to avoid giving the taxman his dues. Olivia Nakawombe of Budadiri in Sironko district is one the latest culprits. Her profit margin from 131 cartons of Pembe wheat flour was cut short by the …

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URA pays Wagagai Mining Limited visit

News / By Immaculate Wanyenze / August 23, 2022 August 23, 2022

By Irene Kabakama Abel Kagumire, the Ag. Commissioner General is willing to support companies in the Petroleum and Mining sector like the Wagagai Mining Limited to ensure their compliance. Speaking at the Wagagai offices in Busia, where he made a courtesy call on Friday, Kagumire said that by focusing on encouraging tax compliance in this …

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Operation fire up continues to expose tricks of smugglers

News, The Lead Story / By Immaculate Wanyenze / August 19, 2022 August 19, 2022

By Immaculate Wanyenze The lure of easy money often pushes smugglers to engage in risky vices so as to dodge tax. They use porous routes through different border points till they find their way to Kampala. However, with the recently launched country-wide campaign dubbed Operation Fire-Up, all people engaged in illicit activities will be penalized. …

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URA takes legal services to Nakawa market

News / By Immaculate Wanyenze / August 18, 2022 August 18, 2022

By Immaculate Wanyenze Uganda Revenue Authority(URA) in partnership with Uganda Law Society(ULS) braved the hustle and bustle of Nakawa market as they courted the Nakawa community on their legal rights and tax potential. The engagement was arranged for the traders in Nakawa to interact with them at a personal level on their legal issues ranging …

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URA on the hunt for violators of the Temporary Road Licenses

The Lead Story / By Immaculate Wanyenze / August 18, 2022 August 18, 2022

By Immaculate Wanyenze A Temporary Road License (TRL) is a document usually given to foreigners intending to come into Uganda with their foreign registered vehicles or Ugandans working abroad with valid work permits. These in most cases come from Sudan and Congo. With the TRL, a person is granted a maximum of 90 days and …

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URA continues to hound down non-compliant manufacturers

News / By Immaculate Wanyenze / August 16, 2022 August 16, 2022

By Immaculate Wanyenze It is on record that URA has engaged and educated manufacturers, distributors and other taxpayers to stamp all gazetted products. The 13 products gazetted for digital tax stamps include; Beer, Soda, bottled water, wines, spirits, tobacco products, sugar, cement. Other products are; cooking oil, fruit and vegetable juices, non-alcoholic beverages (kombuchas, teas …

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Government Agencies establish SMEs skilling programme

News / By Immaculate Wanyenze / August 12, 2022 August 12, 2022

By Taxman Writer Small and Medium Enterprises (SMEs) are set to enhance business practices through the enterprise development programme. This initiative was launched recently at Hotel Africana by Uganda Development Bank (UDB), in partnership with Uganda Revenue Authority (URA), Uganda Registration Services Bureau (URSB), Uganda National Bureau of Standards (UNBS), and the Ministry of Trade, …

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