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Uganda Revenue Authority (URA) has launched a sweeping enforcement campaign requiring all Ugandan tax residents with foreign bank accounts, property, or investments to immediately declare their worldwide income and assets, according to a new Tax Alert on Global Income Declaration issued by Grant Thornton. The development follows Uganda’s implementation of the Convention on Mutual Administrative Assistance in Tax Matters (MAAC), which now allows URA to automatically receive financial data on Ugandan residents from more than 125 countries. These jurisdictions include Mauritius, the Cayman Islands, Jersey, US, UK and India. With this global information-sharing system in place, Ugandans with undisclosed…
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The Institute of Corporate Governance Uganda (ICGU) in collaboration with Grant Thornton Uganda have officially launched the 3rd Corporate Governance Awards 2024 under the theme; “Recognizing Resilience and Sustainable Impact” scheduled to take place on Friday, 18th October, 2024 at Sheraton Kampala Hotel. The Awards are as a result of voluntary corporate governance self-assessments submitted by over 200 organizations from different sectors, and also form a broader strategy to facilitate corporate governance adherence and observance in both the public and private sector. Geoffrey Kihuguru, the IGCU President said, the 3rd Corporate Awards aim at assessing organisations representative of the economic…
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Ferdinand Kamya has been appointed the new Tax Director at Libra Advocates and Consultants. “I’m happy to share that I’m starting a new position as Tax Director at Libra Advocates and Consultants,” he said of his new position. Ferdinand is a committed tax consultant with strong communication, negotiation and analytical skills with a proven track record of eight years with leading providers of world class professional services in Uganda, having been exposed to a comprehensive array of tax consulting and compliance opportunities’. He has a proven track record in business development and sales from a local an international standpoint, with…
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Seven of the global biggest audit firms, working in the United Kingdom, including the so-called Big Four – EY, KPMG, Deloitte and PwC yet again, failed to meet the audit…
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