Month: May 2024

By Kamugisha Kabahweza Allan Uganda Revenue Authority, in conjunction with the Uganda Manufacturers Association has embarked on weekly training sessions to empower manufacturers with practical skills in using EFRIS. The practical training sessions began this week at the UMA offices in Lugogo. During the opening the first session, Nkutu Mubarak, the Director of Membership and Business …

URA partners with manufacturers for EFRIS awareness Read More »

By Annet Nantongo On Wednesday this week, the URA enforcement team in Arua foiled contraband tobacco smugglers. The operation netted a FUSO box-body truck, registration number UAU 426L, that had nine occupants (loaders and the driver) with 17.5 tons of Shisha and no accompanying documents. In the operation, the enforcement team, swiftly rounded up the …

17.5 tons of contraband shisha seized in Arua Read More »

By Kamugisha Kabahweza Allan Uganda Revenue Authority has engaged insurers on the implementation of the International Financial Reporting Standard (IFRS 17 Insurance Contracts), which is replacing International Financial Reporting Standard 4. “IFRS 17” is an accounting model used for insurance contracts world over. URA has mandated that insurance companies in Uganda use the system since …

New reporting standards introduced for insurance industry Read More »

By Irene Kabakama On Monday, URA commenced the exercise of waiving penalties it had imposed on VAT-registered taxpayers who failed to issue fiscalized receipts through the Electronic Fiscal Receipting and Invoicing System (EFRIS). The exercise has been met with enthusiasm from taxpayers, with more than 700 flocking to the tax body to access the service. …

Traders applaud URA ‘s move to waive EFRIS penalties Read More »

By Akinyi Winiefred Taxpayers enrolled in the Authorized Economic Operators (AEO) program have asked the Uganda Revenue Authority to expedite the implementation of Mutual Recognition Agreements (MRAs) with other countries to enhance service delivery. URA currently has MRAs with India, South Africa, and China, but these are yet to be fully implemented for AEOs to …

AEOs call for enhancement of the program Read More »

By Akinyi Winiefred Rt. Rev. Pons Ozelle, the Bishop of Nebbi Diocese, has implored URA to leverage the church as a platform to further tax education. “I am a business accountant who talks freely about financial literacy, and this has taken me places,” said the Bishop before he added, “My Diocese was defaulting, and the …

Nebbi Bishop tips URA on tax education Read More »

By Irene Kabakama Uganda Revenue Authority has met with some of Uganda’s leading legal practitioners to discuss the strategies and policies in revenue mobilization. Top on the agenda were aspects of customs and domestic taxes, including the valuation of goods, rules, and certificates of origin, offense management and collection tools like digital tax stamps, and …

Revenue Authority engages with the judiciary on taxation matters Read More »

By Janette Jessica Koroyeny As the Uganda Revenue Authority prepares for the implementation of Automatic Exchange of Information (AEOI) next year, it has commenced the engagement of various stakeholders to help them understand the requirements and legalities of this undertaking. Early this year, the tax body engaged auditors and urged them to sensitize their clients …

Bankers briefed on Automatic Exchange of Information Read More »

By Kamugisha Kabahweza Allan URA has installed a mobile inspection cargo scanner at the Goli one-stop border post on the Uganda-DR Congo border in Nebbi District. The mobile X-ray scanner is fitted with Non-Intrusive Inspection (NII) technology, which allows for the inspection of cargo without opening containers. URA’s NII Contracts Manager, Brian Ahimbisibwe, confirmed that …

URA deploys cargo scanner at Goli OSBP Read More »

By Kamugisha Kabahweza Allan URA staff were recently equipped on how to navigate the complex tax landscape of the digital economy and provide valuable guidance to individuals and businesses operating in this space. The training was conducted by the International Bureau of Fiscal Documentation (IBFD). It benefited staff from the Tax Education Unit, Business Policy, …

URA staff trained on taxation of the digital economy Read More »