BY ANNET NANTONGO Last week, the Ministry of Finance, Planning and Economic Development (MOFPED) revealed UGX 48 trillion as budget for FY 2022/2023 where UGX 25.6 trillion will be revenue from taxes and Non-Tax Revenue (NTR) sourced internally. This means that URA should strategize towards making a 53% contribution of the resources towards the national …
URA Set to Bridge Revenue Gap Through Increased Tax Education Read More »
By Taxman Reporter For a person whose core role should be to keep and interprete financial records of a company, Micheal Williams Bwengye has a different definition of the accounting role, he trades fabricated invoices for input VAT purposes to benefit other registered taxpayers. However, with URA ’s improved intelligence network, Bwengye ’s time saving …
By Taxman Reporter The Uganda Revenue Authority (URA) has realised a growth in revenue as a result of Exchange of information (EOI) from UGX 8,892,658 in 2014 to UGX 259,935,498,396 in 2021. URA’s Commissioner General John Rujoki Musinguzi, shared these statistics during the two-day meeting of Organisation for Economic Co-operation and Development Africa initiative (OECD) …
URA collects Ugx 259B through Exchange of Information Initiatives Read More »
BY FLORENCE NAMUGANZA DHL Supply Chain International Ltd, a Ugandan subsidiary of the the Deutsche Post (DHL group in Germany) has been ordered to pay UGX 1,484,422,000 of Value Added Tax (VAT) to URA in a ruling by the Tax Appeals Tribunal (TAT). The ruling follows DHL’s appeal to TAT challenging URA’s position to collect …
TAT Orders DHL to Pay Over UGX 1.4 Billion to URA Read More »
By Irene Kabakama Entebbe International Airport is a key entry for Uganda and because of its strategic location, criminals, especially drug traffickers, have been taking advantage by using it as a destination and transit route for drugs. However, with the launch of Air Cargo Control Unit-office(ACCU), some of these crimes will gradually phase away. Speaking …
URA launches Air Cargo Control office to counter illicit trade at the Airport Read More »
BY FLORENCE NAMUGANZA The Uganda Revenue Authority (URA) has reviewed its earlier directive to remove motor vehicles dating nine years old or more from the warehousing regime to adopting a one-year reduction approach on warehousing regime for these motor vehicles. With the new measure, which takes effect on 1st July 2022, motor vehicles older …
URA Relaxes Warehousing Restrictions on Old Motor Vehicles Read More »
By FLORENCE NAMUGANZA The Economic Development on Africa Report of 2020 by the United Nations Conference on Trade and Development quoted that Africa losses 88.6 billion US Dollars annually to illicit trade. Contextually put, this amounts to 3.7% of the continent’s Gross Domestic Product. Similarly, Uganda losses approximately Ugx 50 billion annually to the illegal …
URA Staff Trained in Illicit Trade Investigations Read More »
By Annet Nantongo A classic passenger bus, Reg. no. 8680AB07 was captured from Iganga revenue check point on Sunday 22 May 2022, with assorted smuggled packages of textiles and rice. URA recovered the cargo from several concealed compartments of the vehicle in the wee hours of that day leading to a prolonged search that prompted …
By Florence Namuganza The Uganda Revenue Authority (URA), in partnership with the United Nations University World Institute for Development Economics Research (UNU WIDER) have launched a Research Lab to ease data availability for research purposes and inform evidence-based tax policy and administration reforms. The initiative is expected to cater for the growing needs of researchers …
URA Launches Research lab to Support Researchers Read More »
By Irene Kabakama Uganda Revenue Authority in partnership with Huawei Technologies Uganda donated 20 computers to Nyarilo secondary school in Koboko district. Led by the Ag. Legal Commissioner George Okello and PCA’s Robert Wamala, the activity is aimed at equipping the young people in the area with technology but also, as a medium to relax …