Uganda Revenue Authority Commissioner General, John Rujoki Musinguzi has released net tax collections for the half-year from July to December 2024 recorded at UGX 15 trillion against a target of UGX 14 trillion registering a surplus of UGX 322 billion and a performance rate of 102 percent. The Commissioner General, while at the half-year revenue performance press briefing noted for the Financial Year (FY) 2024/25, URA was given a net revenue target of UGX 31 trillion of which 48% representing UGX 15 trillion, was to be collected in the period July – Dec 2024 and 52% of the target, that…
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Hardly two years after arriving in Uganda to take up her very first CEO role at Uganda’s largest telco, MTN Uganda, Sylvia Mulinge has emerged as Uganda’s most admired CEO, in the CEO East Africa Magazine’s inaugural 100 Leading & Most Admired CEOs In Uganda Survey. The 2-in-1 CEO East Africa Magazine’s Most Trusted and Respected Companies & The Most Admired CEOs in Uganda Survey 2024 is part of the magazine’s thought leadership agenda that seeks to create a body of knowledge on what exactly great companies and great leaders are made of, as well as recognise them. “This, we…
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The Ministry of Finance Planning and Economic Development, Uganda Revenue Authority (URA) and Civil Society Organizations have launched the National Budget Month ahead of the reading of the 2023/24 financial budget. Speaking before the launch at Uganda Media Centre today morning, URA Commissioner General John R. Musinguzi said that the National Budget is a vital tool for achieving Uganda’s development goals as a nation and improving the welfare of the people. “The National Budget is not just a document that outlines the government’s expenditure and revenues, but it is a reflection of national priorities and aspirations and a vital tool…
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Uganda Revenue Authority (URA) is to consider mechanisms of relaxing import clearance procedures to facilitate trade and support importers. This follows a recent meeting between URA’s Commissioner General, John Musinguzi, and members of the Private Sector Foundation Uganda (PSFU) and other industry players in the clearing and forwarding industry, during which the traders expressed their concern about the need to relax import clearance through the mandatory WT8 document. The WT8 document is a transit entry that requires all documents concerning imports to be declared before the goods arrive in the country. Such documents include; proforma invoices, bills of lading, commercial…
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Uganda Breweries Limited (UBL) has commissioned a UGX 17.6 billion top-of-the-line logistics warehouse and empties handstand at a ceremony presided over by the Commissioner General of the Uganda Revenue Authority (URA) – John Musinguzi. The warehouse will improve the business’s logistics and storage capacity in line with its expansion plans. The facility features an Empties Hardstand and Beer Membrane Filtration (BMF) Plant, which can accommodate Full Goods Storage of 7,294 Pallets and Empties Storage of 8,171 Pallets; a Forklift Handling Capacity of 7,350 cases per forklift per day and; a Truck Capacity of 132 trucks per day. The project will…
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Uganda Revenue Authority (URA) has commended Ugandans for enduring COVID-19 pandemic and other global crises that affected the economy and paying obligated tax fares, marking the Financial Year 2021/22 collection the biggest in the history of the country. An Interim Report indicates that last Financial Year 2021-22, URA collected UGX 21,659.44 billion. This means that the revenue grew by 12.44 percent as compared to collections for FY 2020/21, which reflects a nominal growth in revenue of UGX 2,396.44 billion. Although Ugandans made an achievement, the taxman registered a short of UGX 704 billion against a target of UGX 22,363.51 billion….
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Uganda Revenue Authority (URA) has registered a shortfall of UGX900.81 for the first quarter of financial year 2021/2022. While presenting the revenue performance, URA Commissioner General John Musinguzi Rujoki said: “Uganda Revenue Authority was given a revenue target, by the Ministry of Finance, Planning and Economic Development, of UGX 22,363.51 billion which is 16.10% (UGX 3,100.51) higher than the actual revenue collection from the last financial year. As a result, in the last six months URA projected to collect 49.47% representing UGX 11,063.90 billion, an increase of 16.80% (UGX 1,591.43 billion) from the realised revenue for the same period last…
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By John Rujoki Musinguzi, Commissioner General- Uganda Revenue Authority, Mary Baine, Director – Tax Programmes, African Tax Administration Forum, Zayda Manatta, Head of the Secretariat of the Global Forum on Transparency and Exchange of Information for Tax Purposes, and Marcello Estevão, Global Director, Macroeconomics, Trade & Investment, World Bank Group Uganda has significantly strengthened its tax transparency and tax capacity in just a few years to mobilise more domestic resources to finance sustainable development. Moreover, the country has taken significant steps to tackle illicit financial flows by implementing global transparency and information exchange standards. The results have been impressive: US$…
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Commercial Court Judge, Justice Boniface Wamala has dismissed a UGX42.7 billion tax case against the National Social Security Fund (NSSF). This followed NSSF’s appeal of a 27th March 2020 ruling by the Tax Appeals Tribunal (TAT) in favour of Uganda Revenue Authority (URA), Uganda’s tax-collecting agency. The crux of the case dwelt on whether interest paid to NSSF members is taxable or not. In his 2nd November 2020 ruling, Justice Boniface Wamala said that according to the NSSF Act which governs the operations of NSSF, it was clear that “employers and employees make payments to the Fund and at the…
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Uganda Revenue Authority (URA) during the Q1 FY2020/21 (July to September 2020), took in UGX 4,070.3 billion in tax revenue, against a target of UGX 2,999.8 billion. This is 135.7 percent above target, an equivalent of UGX 1,070.6 billion surplus, John Rujooki Musinguzi, the Uganda Revenue Authority Commissioner General told the media at a press conference this week. Speaking at the quarterly performance release breakfast, held on October 13th, the Commissioner-General said this performance, was also UGX64.8 billion (1.64 percent) above what was collected during a similar period in FY2019/20. This is as monthly revenue collections recovered from Covid-19 related…
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