Month: September 2022
Quick facts on tariff classification of goods.
What is a tariff? A system of duties imposed by the government of a country upon goods imported or exported. A customs tariff shows how much duty is payable on imported or exported goods. What is customs classification? Customs Classification refers to a particular category in the Nomenclature in which a product is classified or …
URA to roll out Warehousing System to streamline cargo management
By IMMACULATE WANYENZE In a bid to enhance cargo management and accountability in bonded warehouses, Uganda Revenue Authority will effective October 1st implement the Bonded Warehouse Information Management System (BWIMS). BWIMS is one of the trade facilitation interventions specified in the Domestic Revenue Mobilization Strategy to address the challenges of the increased volumes of goods …
URA to roll out Warehousing System to streamline cargo management Read More »
Insights into Excise Duty
What is Excise duty? Excise duty is a tax on consumption of specified goods and services. It is collected to generate revenue as well as regulate consumption of certain goods and services by making them slightly expensive. It is also collected on imported items some of which can be manufactured in Uganda. In this way, …
URA to develop curriculum to equip informal enterprises
By Guest Writer Uganda is estimated to have more than 7 million highly productive people however, many of them are not on the tax register due to their informal setup. In order to improve the tax base and transit from the informal sector into the tax bracket, Uganda Revenue Authority has solicited support of the …
URA to develop curriculum to equip informal enterprises Read More »
URA Team One nets 1.8 tons of smuggled rice in Bweyogerere
By Immaculate Wanyenze Amidst the current economic situation charactised by commodities prices and high standards of living, some Ugandans have resorted to dubious ways for survival.They are working out all ways to escape the taxman’s noose by concealing their goods, under declaring and using porous points to avoid paying tax. However, the taxman too has …
URA Team One nets 1.8 tons of smuggled rice in Bweyogerere Read More »
URA engages bond operators on the new warehouse system
By Guest Reporter In order to enhance effective management of cargo at importation points, Uganda Revenue Authority (URA) has today engaged 127 Bonded warehouse owners to sensitize them on the newly introduced Bonded Warehouse Information Management System (BWIMS). The new system enhancements will integrate all bonded warehouse systems with customs systems to ensure real-time information …
URA engages bond operators on the new warehouse system Read More »
UIA staff trained on incentive opportunities for investors
By Irene Kabakama The mandate of Uganda Investment is to initiate and support measures that enhance investment in Uganda and advise Government on appropriate policies conducive for investment promotion and growth. This mandate can only be complete with partnerships from other government agencies like URA. Recently, the UIA team was sensitized on available tax incentives …
UIA staff trained on incentive opportunities for investors Read More »
A Simplified Guide VALUE ADDED TAX
FY 2022-23 VAT is an indirect tax on consumption charged on value added to taxable supplies at diff erent 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 …
URA Management pays courtesy call to Next Media services
In a bid to strengthen stakeholder relations, URA management represented by Patience Rubagumya, the Commissioner Legal Services & Board Affairs, Sarah Chelangat, the Commissioner Domestic Taxes and Paddy Ochieng Ag. Assistant Commissioner Service Management visited Next media services. The URA team is willing to listen to the plight the Media houses like Next media companies …
URA Management pays courtesy call to Next Media services Read More »