Day: May 31, 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 »