Month: October 2022
A guide to taxation of the health and medical sector
d) Withholding Tax (WHT) Withholding tax (WHT) is income tax that is withheld at source by one person (withholding agent) upon making payment to another person (payee). Withholding Agent: A withholding agent is a person legally obliged to withhold tax on payment. To become a withholding agent one must; Be on the list of selected …
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UCIFA Executive pays courtesy visit to URA
BY IRENE KABAKAMA Alhaji Jaffer Abdallah, the National Chairman of the Uganda Clearing Industry and Forwarding Association (UCIFA) visited the John Musinguzi, the Commissioner General of URA to discuss the plight clearing and forwarding firms in Uganda face as they push for compliance. The meeting was also intended to improve relations and information sharing between …
Our ambition to be self-sufficient still motivates us today, 60 years later
Fellow Citizens, Sixty years ago, as the colonial curtains fell, I believe our forefathers envisioned and believed in an independent Uganda where all resources for development would originate from within. We continue to remain steadfast in our pursuit of this purpose. I salute and thank you, the brave heroes of our nation, who diligently honour …
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How URA is utilizing laboratory services to detect fraud
By Taxman Writer For many years, unscrupulous importers and manufacturers have evaded taxes through dubious means that involve misclassification and undervaluation of their goods at the customs border points. The intention is to reduce tax liability and increase profit margin in the domestic markets. The end result is revenue loss and unfair competition for compliant …
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African countries benchmark on URA ’s Science approach to improve revenue
By Immaculate Wanyenze On Monday, representatives from 18 countries under the African Tax and Administration Forum(ATAF) met at Sheraton Kampala Hotel to brainstorm on the application of Science in support of tax administration. Hon. Henry Musasizi, the State Minister for Finance, Planning and Economic Development praised URA for adopting Science as a transformation service to …
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Professional bodies meet to understand payment of stamp of duty
By Irene Kabakama In order topromote an engaged citizenry that will enhance voluntary compliance, URA has this financial year embraced partnerships with diffeent stakeholders including professional bodies. Tax administration is also an enormous task that cannot be managed in isolation and thus calls for collaboration to enable URA create value that will contribute to the …
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URA taps into the Digital Economy to increase revenue collection
By Sarah M. Chelangat Uganda has joined the list of countries around the world collecting Value Added Tax (VAT) on electronic services in order to increase government revenue and tap into the digital economy. Effective 1st July 2021, all non-residents providing electronic services to non-taxable persons in Uganda were required by law to charge VAT …
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Pump technicians prepare for the Electronic Dispenser Controller
URA has trained more than 70 pump attendants on the operation and installation of the Electronic Dispenser Controller(EDC). The training is aimed at enabling the participants appreciate the solution before it is rolled out. The EDC will mark the second implementation phase under the Electronic Fiscal Receipting and Invoicing Solution (EFRIS) which is targeting all …
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