Month: August 2023

URA commends Investment Portal on enabling investor tax compliance

News / By / August 4, 2023

By Irene Kabakama The Commissioner General, John Rujoki Musinguzi together with the State Minister for Privatization Hon. Evelyn Anite commended the investment One Stop Centre (OSC) for easing the way of doing business in Uganda through facilitating access to permits and licenses. The investment OSC is a single access point located in Kololo housing 14 …

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Poultry company fined for concealing wheel Loader

News / By / August 2, 2023

By Kabahweza Kamugisha Allan Plum Poultry Limited has been fined UGX 11,211,330 for attempting to smuggle a wheel loader in a shipment containing unassembled chicken cages. Clementine Kaduyu, a customs officer narrated that on July 10, 2023, the aforementioned proprietor imported chicken cages into Uganda but neglected to declare a wheel loader. Kaduyu explained that the …

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Understanding Trade Mis-Invoicing

News, The Lead Story / By / August 4, 2023

According to traders in KACITA, there is inconsistency in their understanding of mis-invoicing and as such, they lose out on business. With this background, Denis Kateeba, the Commissioner Tax Investigations in URA explains invoice trading and what traders should look out for. What is Invoice trading? Trade misinvoicing is a form of tax fraud whereby …

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