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Feb 23 results
18:33
18:33

URA to Waive Penalties for Taxpayers Who Do Voluntary Disclosure Vincent Seruma 2 1 Top story

The window for voluntary disclosure comes after an amendment of section 66 of the Tax Procedures Code Act, 2014. The amendment gives the URA commissioner general a discretion to ask taxpayers to voluntarily disclose and be forgiven on the penalties and interest on money they hadn’t paid.
19:29
19:29

Companies Will Not Get Tax Refunds without E-Receipts From October – URA 2 1

According to URA, taxpayers have three months up to September 30, 2020, to adjust their systems and start issuing e-invoices. From 1 October 2020, no taxpayer will claim a tax credit if they didn’t issue e-invoices in their trading. The program is implemented under the Electronic Fiscal Receipting and Invoicing Solutions (EFRIS).
22:00
22:00

Court Dismisses Application Seeking to Block URA’s E-Receipting System 1

The program, also known as, the Electronic Fiscal Receipting and Invoicing Solutions is a government initiative through which businesses are obliged to transmit transaction details to URA in real-time and issued with electronic receipts and invoices. The system helps the tax body to confirm the accuracy of self-assessments made by taxpayers.
16:20
16:20

Temporary Relief for Coca Cola in Battle over UGX 58b Tax Bill 1

According to an assessment by URA, an audit of Coca Cola Uganda between January 2014 and December 2017 found that the beverages maker had not paid 58.1 billion Shillings in taxes. But Cola rejected URA’s position and dismissed the assessment which was presented to the company in January 2020.
06:55
06:55

URA Senior Commissioner Dickson Kateshumbwa Quits 1

Dicksons Kateshumbwa, who had recently been taken to head the domestic taxes docket, said in an e-mail to staff that he had decided to end his tour of duty ahead of the contractual period with immediate effect.
08:43
08:43

URA Grants Extension on Tax Paying Deadlines 1

Companies, whose accounting year ends in September, and are unable to file corporation tax returns by March 31, 2020 will have a two-month extension to May, 2020. The penalties for late submission will not apply or will be refunded if the companies are able to submit on or before May 31, 2020, URA said in a statement.
07:28
07:28

Traded Goods Worth UGX 2.5 trillion Undetected Annually – Report yoweri museveni 1

A study by the Washington-based organisation Global Financial Integrity (GFI) released today March 3, 2020 examined Uganda’s trade all other countries and found that at least USD 687 million (2.5 trillion Shillings) worth of trade was done undetected every year between 2008 and 2017.
16:03
16:03

URA to Deploy Drones to Catch Smugglers 2 1

The project, which will see the tax body receive at least 500 million Shillings in the next budget, will enable URA to use drones to catch elusive smugglers crossing Uganda and neighbouring countries with undeclared goods.
22:19
22:19

Uganda to Lose UGX 500bn to Tax Incentives in 2019/20 Financial Year doris akol 1 1 Top story

Akol said in the six months to December 2019, the country lost USD 5.8m (Shs 21bn) because of the waiver that has been extended to those importing brown husked rice.
15:55
15:55

URA Arrests Impostor For Defrauding Tax Payers 1

Batte Kasim Abdul was arrested on Monday in Kampala as he tried to convince people to pay him money to help them buy cars from URA under the auction arrangement. He's suspected to have defrauded several people of millions of cash.
18:06
18:06

URA Must Pay For Goods Lost or Damaged in Its Custody 1 1

Justice Kenneth Kakuru and Justice Ezekiel Muhanguzi have ruled on a 2:1 decision that URA was under duty to take care of the goods it had confiscated. The two justices said URA had assumed a position of “constructive Bailee" when it confiscated the goods and that it must show there was no negligence for the goods to lost or damaged.
14:05
14:05

Uganda Ahead of Kenya, Tanzania in Ease Of Paying Taxes 1

According to the Paying Taxes 2020 report by audit firm PricewaterhouseCoopers (PWC) and the World Bank, Uganda is at position 92nd out of 180 economies ranked. Kenya is ranked 94th while Tanzania falls far back at position 165. Uganda's rank is pretty much the same as of 2019.
15:50
15:50

URA Boss Quizzed on Taxes Collected from Substandard Goods 5 1

Akol was summoned by Parliaments Committee on Commissions, Statutory Authorities and State Enterprises (COSASE) summoned Akol to explain the process of collecting taxes on goods vis-a-vis the process of verification of standards. This followed Akol a petition by 3,000 traders claiming losses following the destruction of their goods for poor standards even after paying taxes.
10:33
10:33

Taxpayers Given 14 Days to Rectify Fictitious Returns 1

This comes after URA noticed that a sizeable number of taxpayers had introduced fictitious entries in their accounts such as loans and related expenses to lower their tax bill. Also, the tax body said some taxpayers were using multiple Tax Identification Numbers to suppress earned revenues.
16:30
16:30

Traders to March In Protest of URA Rules 1 3

The traders are protesting a URA directive issued last week listing ten goods that would no longer be eligible for customs warehousing at the port of entry. This means that traders would be required to bring in goods, clear taxes immediately and then continue to final destination.
20:39
20:39

President Museveni Raps URA Over VAT Refund Delays yoweri museveni 1 1 Top story

Museveni said that manufacturers told him that URA takes long to refund their money paid in form of Value Added Tax. This means that they find problems with money to invest back because it is being held by URA.
18:41
18:41

Taxpayers to URA: We Don’t Have Adequate Information On Taxes 3 1

Faridah Rwakabi, a trader from Lwakhakha on the border between Uganda and Kenya, said they had not seen any URA official in their community to help them understand tax matters.
18:10
18:10

Gulu University Guild Leadership Protests New System Of Tuition payment

Noowe Johnson, the Gulu University Guild President says if the system is not reversed then all Public Universities guild leadership will challenge it legally.
19:51
19:51

URA Apologize After Staff Abandon Clients To Celebrate Birthday

It is a slap in the face for the organization that claims to value customers first and seeks to make it as easy as possible for Ugandans to pay their taxes.
13:37
13:37

UPDF Tasks South Sudan Gov’t to Beef Security on Nimule-Juba Highway Aswa River Region 1

Michael Tokoma, a business man at Elegu Town council in Amuru District says hundreds of people from especially Adjumani district have camped at Elegu Town council fearing to cross into South Sudan.
Feb 23 results