By Irene Kabakama The Chinese Consular, Her Excellency Jiang Jiqing, paid a courtesy call to Uganda Revenue Authority today morning,to identify areas for capacity building support for the tax collecting body. H.E Jiang Jiqing said the team is focusing on providing URA with technical capacity building opportunities, Chinese Government scholarships for staff, tax education for …
URA TO UP OIL AND GAS SKILLS WITH CHINESE CONSULAR Read More »
By Irene Kabakama The Electronic Fiscal Receipting and Invoicing Solution (EFRIS) was launched to manage the issuance and centralized tracking of all e-receipts/ e-invoices by all taxpayers in order to improve their business efficiencies. Unfortunately, the solution is still a challenge among some taxpayers like car dealers and importers. This group has been failing to …
URA meets car dealers and importers to resolve EFRIS challenges Read More »
By Nouella Anaso The role of Uganda Revenue Authority (URA) in the Oil sector according to the National oil and gas policy of 2008, is to advise the Ministry of Finance, Planning and Economic Development (MOFPED) on policy and collect all petroleum revenues envisaged under the Income Tax Act, government share of petroleum, proceeds from …
Formalised businesses to attract Business contracts in the Oil sector Read More »
Return filing is a process where a registered taxpayer periodically declares his or her income to URA indicating how they have transacted during a given period and this will reveal the tax payable for that period. Filing a return is an obligation expected of all registered taxpayers. As a taxpayer, you are required to file …
By Immaculate Wanyenze Since the outbreak of the COVID 19, businesses in Uganda have suffered loss of revenue and had disruption of supplies however, this has not blurred the mandate of the taxman who needs to grow Uganda’s tax to Gross Domestic Product (GDP) ratio to at least 20%. In a bid to mobilize enough …
URA Engages Mid-Western Business Community To Foster Tax Compliance Read More »
KAMPALA April 11th, 2022: Uganda Revenue Authority has registered one of its strongest performances this financial year, recording a solid surplus for the month of March and reducing its annual shortfall. URA collected UGX 1,834.37 billion against a target of UGX 1,823.25 billion, with a surplus of UGX 11.11 billion and a performance rate of …
BY FLORENCE NAMUGANZA Ssekamwa James Kulubya, a proprietor of JSK Consultancy and masquerades as an accountant, has been convicted and sentenced to three years in prison on charges of abetting Value Added Tax (VAT). He was also ordered to pay UGX 21 million to Uganda Revenue Authority (URA). The Magistrate, His Worship Moses Nabende, gave …
Fake Accountant Gets 3 Years In Jail for TAX Fraud Read More »
By Immaculate Wanyenze Stakeholders are the ultimate beneficiaries of development that arises when the nation achieves financial independence. Their role is examined by their participation to determine what improvements can be made by adopting modern and innovative mechanisms to collect enough revenue and reduce on the donor dependence. In light of this, URA has found …
URA Continues To Partner With Stakeholders In Revenue Mobilisation Drive Read More »
BY FLORENCE NAMUGANZA Effective July 1st, 2022, motor vehicles nine years old or more from the date of manufacture, will not be warehoused. Uganda Revenue Authority (URA) has advised importers of these vehicles, that they will have to undergo Customs clearance and pay taxes due, at the port of entry into the East African Community …
URA restricts warehousing of old vehicles to avert revenue loss. Read More »
By Taxman Reporter Political, Local Government and business community leaders together with civil society leaders from the West Nile sub-region converged at Heritage Courts Hotel in Arua recently to brainstorm on their contribution towards Domestic Revenue Mobilisation strategy. The engagement was organised under the Resource Enhancement and Accountability Program (REAP) by the Ministry of Finance …
West Nile Leaders Commit To Support Domestic Revenue Mobilisation Agenda Read More »