The deemed VAT provisions were inserted in the law to support the fundamentals of Uganda’s Economy as explained below. Table 1: Rationale for the deemed VAT Provision Sn Provision of the Law Beneficiary Rationale 1. Section 24(5) of the VAT Act Inserted by VAT (Am) Act of 2015 Licensee undertaking mining or petroleum operations The …
By Jacinta Obore Mirembe URA has step up its oversight of the use of Digital Tax Stamps to boost compliance and aid alcohol producers in the fight against counterfeit drinks and the sale of illegal beverages, which they say has led to unfair competition. This decision was reached at a recent meeting between the taxman …
URA joins efforts to clean up the alcohol industry Read More »
By Kabahweza Kamugisha Allan In a meeting held recently, John R. Musinguzi, the Commissioner General of URA cautioned car importers against altering with the year of manufacture on imported motor vehicles. Musinguzi’s advise follows the impounding of several vehicles whose year of production had been altered by some car importers to get around the limitation …
By Joshua Niyonshima URA together with other MDAs recently met with key players in the mining and petroleum sectors to discuss compliance and strength their working relationship. During the meeting, mine owners were urged to contribute their fair share of taxes, especially in light of the increased collection target. “Tax collection targets from this sector …