BY ANNET NANTONGO Last week, the Ministry of Finance, Planning and Economic Development (MOFPED) revealed UGX 48 trillion as budget for FY 2022/2023 where UGX 25.6 trillion will be revenue from taxes and Non-Tax Revenue (NTR) sourced internally. This means that URA should strategize towards making a 53% contribution of the resources towards the national …
URA Set to Bridge Revenue Gap Through Increased Tax Education Read More »
By Taxman Reporter For a person whose core role should be to keep and interprete financial records of a company, Micheal Williams Bwengye has a different definition of the accounting role, he trades fabricated invoices for input VAT purposes to benefit other registered taxpayers. However, with URA ’s improved intelligence network, Bwengye ’s time saving …
By Taxman Reporter The Uganda Revenue Authority (URA) has realised a growth in revenue as a result of Exchange of information (EOI) from UGX 8,892,658 in 2014 to UGX 259,935,498,396 in 2021. URA’s Commissioner General John Rujoki Musinguzi, shared these statistics during the two-day meeting of Organisation for Economic Co-operation and Development Africa initiative (OECD) …
URA collects Ugx 259B through Exchange of Information Initiatives Read More »
BY FLORENCE NAMUGANZA DHL Supply Chain International Ltd, a Ugandan subsidiary of the the Deutsche Post (DHL group in Germany) has been ordered to pay UGX 1,484,422,000 of Value Added Tax (VAT) to URA in a ruling by the Tax Appeals Tribunal (TAT). The ruling follows DHL’s appeal to TAT challenging URA’s position to collect …
TAT Orders DHL to Pay Over UGX 1.4 Billion to URA Read More »
By Irene Kabakama Entebbe International Airport is a key entry for Uganda and because of its strategic location, criminals, especially drug traffickers, have been taking advantage by using it as a destination and transit route for drugs. However, with the launch of Air Cargo Control Unit-office(ACCU), some of these crimes will gradually phase away. Speaking …
URA launches Air Cargo Control office to counter illicit trade at the Airport Read More »
