URA offers 100% tax amnesty on interest, penalties
Taxpayers that clear their outstanding principal tax liabilities will be exempted from paying interest and penalties, the Uganda Revenue Authority (URA) has announced.
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URA
Gov’t holds talks with top MTN Group Fintech bosses
Annual tax collections surpass target by UGX262 bn
President Museveni meets MTN top bosses at Entebbe
President Yoweri Museveni has held a high-level meeting with a delegation from MTN Group at State House Entebbe.
Uganda Clays reports another UGX5 bn loss
Uganda Clays Ltd, a partly government-owned enterprise listed on the Uganda Securities Exchange, has reported a deepening net loss of about UGX5 billion for the year…
Stanbic records UGX478 billion profit in 2024
Stanbic Uganda Holdings Limited (SUHL), the parent company of Stanbic Bank Uganda, has reported a strong financial performance for 2024, recording a profit after tax…
Foreign produce traders irk Ugandan industrialists
The Uganda Manufacturers Association (UMA) has expressed concern about the growing trend of foreign traders purchasing raw materials directly from Ugandan farmers.
URA sees 10% reduction in tax objection cases
The Uganda Revenue Authority (URA) has reported a 10% decline in tax objections filed during the 2023/2024 financial year – reducing from 45% to 35%.
URA exceeds August target by UGX27 billion
The Uganda Revenue Authority (URA) has reported an impressive performance for August, with revenue collections surpassing the set target.
Gov’t arrears threaten URA performance
Uganda’s revenue collection is facing a serious threat from the growing backlog of government arrears, which is straining the Uganda Revenue Authority’s (URA) ability to…
Museveni sets up outfit to fight URA corruption
President Yoweri Museveni has set up a new unit at State House, aimed at keeping an eye on Uganda Revenue Authority and curb corruption in the tax administration system.
Address drivers of rising national debt – experts
Uganda’s debt risks are becoming more pronounced both in the short to medium term, largely attributed to poor debt utilization as one of the key causes of the nation’s…
OpinionOpinion
Why is URA over-complicating a simple VAT system?
The ongoing fight between small-scale traders and the tax authorities is a clear indication that the administration of Value Added Tax (VAT) has glaring gaps, which must…
URA now to deploy drones in smuggling fight
The Uganda Revenue Authority (URA) has said they are to invest in surveillance drones at porous border points in an effort to curb the vice of smuggling.
New UDB incubator plan targets 290 entrepreneurs
The Uganda Development Bank, Uganda’s national development finance institution, has announced the launch of an incubator programme designed to prepare hundreds of young…
URA tasked to sensitise traders on how Electronic Fiscal Receipting and Invoicing Solution (EFRIS) works to avoid demonstrations.
In January 2021, URA implemented EFRIS to tackle tax administration issues associated with business transactions and receipt issuance.
Stanbic declares UGX155 billion in dividends
Stanbic Uganda Holdings Ltd, the mother company of Stanbic Bank Uganda, have published their annual financial report for the year ended 2023, which has seen the Board of…