Recent studies conducted by the tobacco and the alcohol industry show that if we, using Digital Tax Stamps and the recent ban on sachet alcohol, can eliminate 50% on smuggling and counterfeiting, we will be able to create new markets in excess of UGX615 billion for the two industries and over UGX180 billion in tax revenue.
This Is Premium Content. Subscribe And Save On Unlimited Access With Our Best Offers!
Pupils of Buwama Primary School board a dug-out canoe to school on Lake Bunyonyi, the second deepest lake in Africa. Several children have drowned in the process of seeking education. Proceeds from the URA Tax Derby will go toward securing a safer and faster motorised boat. When it comes to collecting tax, Uganda Revenue Authority (URA) is known for crossing all t’s and dotting all the i’s. They are no nonsense. But as usual the taxpayer, every once in a while gets his way around. And this is how it went down, yesterday, 4th October 2019, at the premier URA…
This Is Premium Content. Subscribe And Save On Unlimited Access With Our Best Offers!
During the official opening of the 2019 Taxpayers Appreciation Week at Kololo Airstrip on Wednesday, Doris Akol, the URA Commissioner General revealed that SMEs have in the past years contributed Shs9 trillion in tax revenue. According to URA, figures indicate that domestic revenue contribution has been recorded at Shs7.57 trillion, Shs9.08 trillion and Shs9.74 trillion in 2016/17, 2017/18 and 2018/19 respectively. To them, this exposes the importance of Small and Medium Enterprises (SMEs) in transforming Uganda’s economy. “SMEs are important for their contribution to employment, economic growth, innovations and the diversity of competition they bring to the markets. SMEs guarantee inclusiveness…
This Is Premium Content. Subscribe And Save On Unlimited Access With Our Best Offers!
“It is a privilege for Uganda to be hosting such a high level annual continental meeting, and it speaks to the confidence the continent has in Uganda in terms of hospitality and diplomacy,” said Dicksons Kateshumbwa, who is Commissioner Customs, URA and Chairman World Customs Union (WCO) Council. Over 50 African customs bosses and technocrats from international bodies such as World Customs Organization, UNCTAD, IGAD and various diplomats are currently in Kampala at Speke Resort Hotel, Munyonyo for the continental customs conference. Dicksons Kateshumbwa, Commissioner Customs, URA and Chairman World Customs Union (WCO) Council. (FILE PICTURE) The conference which kicked…
This Is Premium Content. Subscribe And Save On Unlimited Access With Our Best Offers!
” The new tax solution is part of URA’s scheme to combat illicit trade, seal revenue leakages and boost collection and increased efficiency in managing taxpayer compliance. The solution is expected to enable manufacturers, distributors, retailers and consumers to conveniently verify and trace all specified goods throughout the distribution chain.” The implementation of the Uganda Revenue Authority Digital Tax Stamp Solution (DTSS) is set to go live soon, after the last stage of installing equipment in factories is completed. Speaking during the launch of the taxpayers’ appreciation month for Northern Uganda, Mr Cyprian Chillanyang, the URA business policy assistant commissioner,…
This Is Premium Content. Subscribe And Save On Unlimited Access With Our Best Offers!
