BY FLORENCE NAMUGANZA The Uganda Revenue Authority (URA) has reviewed its earlier directive to remove motor vehicles dating nine years old or more from the warehousing regime to adopting a one-year reduction approach on warehousing regime for these motor vehicles. With the new measure, which takes effect on 1st July 2022, motor vehicles older …
URA Relaxes Warehousing Restrictions on Old Motor Vehicles Read More »
By FLORENCE NAMUGANZA The Economic Development on Africa Report of 2020 by the United Nations Conference on Trade and Development quoted that Africa losses 88.6 billion US Dollars annually to illicit trade. Contextually put, this amounts to 3.7% of the continent’s Gross Domestic Product. Similarly, Uganda losses approximately Ugx 50 billion annually to the illegal …
URA Staff Trained in Illicit Trade Investigations Read More »
By Annet Nantongo A classic passenger bus, Reg. no. 8680AB07 was captured from Iganga revenue check point on Sunday 22 May 2022, with assorted smuggled packages of textiles and rice. URA recovered the cargo from several concealed compartments of the vehicle in the wee hours of that day leading to a prolonged search that prompted …
By Florence Namuganza The Uganda Revenue Authority (URA), in partnership with the United Nations University World Institute for Development Economics Research (UNU WIDER) have launched a Research Lab to ease data availability for research purposes and inform evidence-based tax policy and administration reforms. The initiative is expected to cater for the growing needs of researchers …
URA Launches Research lab to Support Researchers Read More »
By Irene Kabakama Uganda Revenue Authority in partnership with Huawei Technologies Uganda donated 20 computers to Nyarilo secondary school in Koboko district. Led by the Ag. Legal Commissioner George Okello and PCA’s Robert Wamala, the activity is aimed at equipping the young people in the area with technology but also, as a medium to relax …
BY FLORENCE NAMUGANZA The 51% of Ugandans who constitute the informal sector of Uganda’s economy can no longer be regarded as merely complementary. Neither should their activities be viewed as peripheral to Uganda’s development aspirations. The sector accounts for a significant number of the country’s workforce and investment resources. This reality has compelled the government …
Commercial Banks Rallied to Support Business Formalisation Read More »
By Taxman Reporter The High Court in Kampala has dismissed with costs an application by Nile Breweries Limited (NBL) seeking an interim order to stay the execution of the Tax Appeals Tribunal (TAT) orders against it until it’s appeal in the High Court is heard. NBL ran to the High Court challenging the enforcement of …
By Immaculate Wanyenze Despite the slow economic recovery due to the impact of COVID 19, URA has continued to collect a significant amount of revenue, and this performance puts it in a better position to even surpass its target for end of financial year. In the period July to March, the actual net revenue collections …
By Taxman Reporter The Tax Appeals Tribunal (TAT) slapped a fine of UGX 20 Million on Nile Breweries Limited (NBL) and UGX 30 Million on Standard Chartered and Stanbic Bank for contempt in a ruling read yesterday. This follows NBL’s earlier application to TAT objecting to URA’s additional assessment of Local Excise Duty of Ugx …
By Annet Nantongo In January and March 2022, URA enforcement teams reported more than 17 Metric Tons ( MT) of smuggled rice with brands such as; Sana long grain, Aisha, Baraf, Mahomood, Hilal, Salama, basmati, Pakistan and super varieties. These results were borne out of enforcement interceptions by teams in Arua, Mutukula, Busitema, Busia, Kampala, …