October 26, 2022 – The Taxman

URA and KRA launch Smart Gates to ease clearance of goods

News / By Immaculate Wanyenze / October 26, 2022 October 26, 2022

By Henry Kwaligonza Uganda Revenue Authority (URA) and Kenya Revenue Authority (KRA) recently launched Smart Gates to facilitate faster clearance through enhanced traffic control at the Eldoret Fuel depot. The Smart Gates under the Regional Electronic Cargo Tracking System (RECTS) project are tools that will facilitate faster clearance, turnaround time of trucks at the oil …

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Smugglers continue to eat into URA revenues

The Lead Story / By Immaculate Wanyenze / October 26, 2022 October 26, 2022

By Immaculate Wanyenze The harsh search for better life is what drives most profit-seeking criminals into smuggling. They are willing to take risks in search of a better life for failure to utilize legal channels. John Paul Wandera, a Director in the Gold Coast Cargo Hauliers Ltd, is one such culprit. He recently ordered for …

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A guide to taxation of the manufacturing sector

Tax Education / By Sharon Nankunda / October 26, 2022 April 18, 2023

Gross turnover per annum With records Without records Not exceeding UGX 10 million NIL NIL Exceeding UGX 10 million but does not exceed UGX 30 million 0.4% of annual turnover in excess of 10 million UGX 80,000 Exceeding UGX 30 million but does not exceed UGX 50 million UGX 80,000 plus 0.5% of annual turnover …

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Day: October 26, 2022