The Big Story

Tax Appeals Tribunal sets aside UGX4.6 bn tax bill against Kansai Plascon 

Jeff WintersLegal & JusticeNews & AnalysisThe Big StoryApril 14, 2023April 14, 2023

The Tax Appeals Tribunal, sitting in Kampala has set aside a UGX4.6 billion import duty assessment against paint makers, Kansai Plascon Uganda. The company dragged the Uganda Revenue Authority (URA)…

Keith Muhakanizi (1959-2023)

Muhereza KyamuteteraThe Big StoryApril 14, 2023April 14, 2023

Keith Muhakanizi, who many remember as the long-serving indefatigable Permanent Secretary to the Ministry of Finance, Planning and Economic Development and Secretary to the Treasury (PS/PSST) has died. He died…

1-on-1 with Tina Wamala, President, Public Relations Association of Uganda

Muhereza KyamuteteraThe Big StoryWomen In LeadershipApril 13, 2023April 13, 2023

What inspired you to become the new President of the Public Relations Association, and what do you hope to achieve during your tenure? I have been a committed member of…

Investing in tourism has immediate and massive returns- Minister Mugarra tells parliament as he pitches for more UGX97 bn

Muhereza KyamuteteraNews & AnalysisPolitics & GovermentThe Big StoryApril 12, 2023April 12, 2023

The Minister of State for Tourism, Wildlife and Antiquities, Hon. Martin Mugarra has requested that his ministry be allocated an additional UGX97 billion on top of the proposed UGX214.5 billion…

Umeme exit buyout to cost USD215 mn as MPs urge gov’t to act in haste to ensure there are no gaps after Umeme exit

Muhereza KyamuteteraBusiness & MarketsThe Big StoryApril 12, 2023April 12, 2023

The government of Uganda will have to part with USD215 million to acquire majority shares of power distributor, Umeme, when the power distributor’s 20-year contract comes to a close in…

Fitch retains AAA rating for Stanbic Bank Uganda 

CEO ReporterCompany NewsThe Big StoryApril 11, 2023April 11, 2023

Fitch, the international credit rating agency, has retained the Stanbic Bank Uganda’s National Rating at ‘AAA (uga)/Stable’, the highest possible on a national scale in its latest report issued last…

OPINION: The Tax Procedures Code (Amendment) Bill 2023⏤ proposed amendments on information sharing with tax authorities are stifling to taxpayers

Onesmus MwesigwaThe Big StoryThought LeadershipApril 11, 2023April 11, 2023

The Tax Procedures Code (Amendment Bill) 2023 which was published in the Gazette of 30th March 2023 has many novel amendments but this commentary focuses on the proposed amendment to Section 42 of…

The Tax Procedures Code (Amendment) Bill 2023⏤ Parliament should decisively fix persistent penalties and interest waiver complications and injustices  

Jaquiline AturindaThe Big StoryThought LeadershipApril 11, 2023April 11, 2023

The Tax Procedures Code (Amendment) Bill 2023 has a number of provisions that attempt to correct the complications and injustices related to the waiver of penalties and interest that has…

This is how to benefit from UDB’s just-launched UGX50 bn climate finance facility

CEO ReporterCompany NewsThe Big StoryApril 8, 2023April 8, 2023

Uganda Development Bank (UDB), the country’s key strategic partner in delivering socio-economic transformation through sustainable financial interventions, on April 4th launched the UDB Climate Finance Facility (CFF)⏤ a strategic Fund…

Court of Appeal orders URA to refund NSSF UGX25.3 billion 

Muhereza KyamuteteraBusiness & MarketsThe Big StoryApril 7, 2023April 7, 2023

The Court of Appeal in Uganda has ordered Uganda Revenue Authority (URA) to refund UGX 25 billion it initially obtained from the National Social Security Fund (NSSF) following a decision…