Uganda Revenue Authority (URA) announced last week that for the financial year 2022/2023 it had collected UGX 25,209.05 billion⏤an extra UGX 57.48 billion against a target of UGX 25,151.57 billion, reflecting a performance of 100.23%. This follows a 16.4% growth in revenue collections (UGX 3,551.04 billion) from the UGX 21.062 trillion registered in 2021. The year before that, revenue collections grew 12.14%. This performance, the tax authority attributed to “an intensive agenda to grow local revenue mobilisation” in which “URA employed a number of measures such as automated ledger reconciliation, the EFRIS and DTS solutions”. This is the first time in…
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Despite the fact that the global economy is undergoing a sharper-than-expected slowdown amidst lingering fears of a recession, Uganda Revenue Authority (URA) reported that net revenue collections for the nine months of the FY 2022/23 reached UGX 17.53 trillion against a target of UGX 25.15 trillion. With three months left to go, this represents 69.72 per cent of the annual target. This is a substantial growth of 13.37 per cent or UGX 2.1 trillion compared to the same period in the FY 2021/22. Including the shortfall, this last quarter, URA has to collect UGX7.62 trillion, accounting for the remaining 30.28…
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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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By James Asiimwe Kamara Tax is a price we pay for a civilised and organised society. It is the major source of revenue that enables governments the world over to provide public amenities for their citizens. Whereas the Government of Uganda is mandated to collect tax from eligible citizens, it performs the role within the premises of a set legal framework and puts into consideration the rights and obligations of taxpayers. Uganda is operating a modern tax regime where the opportunity to determine how much tax to pay is first extended to the taxpayer. This is referred to as a…
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By Sarah M. Chelangat For years, tax compliance has eluded the tax man with slightly over 2 million taxpayers out of a population of 20 million working adults contributing to the tax base. Of the 2 million registered taxpayers, 50% are companies doing business in Uganda. This means a minimal number of individual Ugandans are contributing to the tax basket. In a bid to expand the tax base and bring more Ugandans to contribute to national development, Uganda Revenue Authority (URA) has introduced initiatives such as a mandatory Tax Identification Number (TIN) for motor vehicle transactions and government suppliers who…
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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 kicked off the third edition of the e-bomba ya business summits with discussions on survival of businesses in the wake of the effects of COVID-19 pandemic. The month-long virtual engagements are aimed tipping business owners on financial growth and fostering voluntary compliance. These have been incorporated with skills to help businesses thrive in the new normal. According to the URA Ag. Commissioner General Abel Kagumire, majority of the businesses which were a big source of revenue for government have been greatly hit by the effects on trade by the COVID-19 pandemic and this has affected…
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The Uganda Revenue Authority (URA) Commissioner General, John R Musinguzi, has spelt out a challenge to URA Supervisors of increasing Uganda’s Tax to GDP ratio to 20.99% by the financial year 2024/25. Musinguzi has made this declaration today during the Passout ceremony of 272 URA Supervisors who have completed a month long residential Transformational Leadership training program at the National Leadership Training Insititute – NALI in Kyankwanzi. “Your role as the tactical leaders in URA is very critical in ensuring that the foot soldiers are rallied and championed to this new challenge ahead of us,” said Musinguzi. The Commissioner General…
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Uganda Revenue Authority (URA) has acquired 27 baggage and cargo scanners to strengthen inspection of imports, exports and also address security controls at the different border points throughout the country. The new scanners are an addition to those stationed at Malaba, Busia, Mirama Hills, Elegu, Entebbe and Mutukula One-Stop Border Posts. Manufactured by Nuctech Company Limited, the scanners have advanced X-ray non-intrusive technology that has been adopted world over in security and inspection. This kind of technology gives a better perspective compared to the normal side scans in case of detection of contraband, illegal weapons or any other dangerous objects….
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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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