Business
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Clearing and Forwarding firm, Multiple ICD Ltd has been ordered to pay UGX 2.8 Bn Uganda Revenue Authority (URA) after losing an application challenging the Value Added Tax (VAT) assessment for leasing of machinery. Multiple ICD instituted an Application against URA in the Tax Appeals Tribunal seeking review of URA’s decision to issue an assessment […]
The Commissioner General URA; John Rujoki Musinguzi honored an invitation to Ndejje University this morning by Professor Eriabu Lugujjo owing to an ongoing partnership designed to nurture a tax alert generation through a resident tax society. Tax societies are student-centered associations found in private and public Universities of Uganda working in partnership with Uganda Revenue […]
On Monday, a week’s time training for judicial officers was unveiled by the Uganda Registration Services Bureau (URSB) under their Insolvency and Receivership mandate. The exercise was officially opened by the Principal Judge, Justice Dr. Flavian Zeija and addressed by the Registrar General, Mercy Kainobwisho. The training workshop is being held at the Speke Resort […]
The Minister of finance Matia Kasaija has tabled a budget of 41.2 trillion shillings for the next financial year 2021/2022. The proposed budget is 4.3 trillion shillings less than last year’s budget. According to the proposed budget tabled before the parliament’s budget committee by the minister of finance Matia Kasaija on Tuesday, Governance, and Security […]
Kyadondo East Member of Parliament Robert Kyagulanyi Ssentamu has lost his bid to block Uganda Revenue Authority from recalling his vehicle for a reassessment. His application was dismissed on Tuesday by the Deputy Head of High Court Civil Division Judge Emmanuel Baguma. Baguma argues that Kyagulanyi failed to adduce evidence to show that the recalling […]
The introduction of Non-Intrusive Inspection (NII) scanners in 2018 has reduced smuggling and under declaration of goods to date. This is according to the Uganda Revenue Authority(URA). Government raised Shs63b from penalties between 2018 and 2020 from companies and individuals who under-declared imports at various border points around the country, according to Uganda Revenue Authority […]
URA engaged manufactures of sugar and cement this morning ahead of the preparation for the implementation of the Digital Tax Stamps (DTS), for the goods, set for 1st April 2021 which has also been demarcated as the “Go live date”. Present in the meeting were representatives from Bwendero D farm, Tororo Cement, Victoria Sugar Limited, […]
By Derrick AsabaIn a bid to create a fair marketing ground between taxpayers and consumers, Uganda Revenue Authority (URA) seeks to introduce a mobile app to enable consumers to tell products that are authentic and not. Last year, URA gazetted products that are supposed to have digital tax stamps like water, soda, waragi and beer. […]
By Derrick Asaba Vendors in the major city of Kampala have pinpointed the Kampala Capital City Authority (KCCA) law enforcement staff for confiscating their merchandise and asking for money in return. On several occasions, the officers traverse the streets and claim vendor’s merchandise, and ask for immediate bribes in a bid to give back their […]
Uganda Airlines made revenue worth 40 billion Shillings from the time it started operations to the end of December 2020. This is according to Cornwell Muleya, the Chief Executive Officer, Uganda Airlines Company Limited. According to Muleya, the Airline carried 77,355 passengers between August 2019 and June 2020, registering a shortfall of 10 percent from […]