Christine Aber wakes before the sun does in Northern Uganda. She sets up her modest stall and begins the daily grind – selling a humble mix of millet flour, rice,…
In a fiscal climate where many economies are gasping under debt and tax collection fatigue, Uganda Revenue Authority (URA) has pulled off a remarkable feat. It has beaten its revenue target for the 2024/25 financial year by Shs174.11 billion, collecting Shs31.54 trillion—a 100.54% performance. The numbers tell a story of discipline, economic recovery, and a pivot towards digital administration. They also tell a story of how domestic resilience and global trade are the twin engines of Uganda’s fiscal base. But as URA basks in the moment, the real challenge is scaling the mountain of UGX36.74 trillion in the 2025/26 financial…
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Uganda has set an ambitious target to raise UGX 37.2 trillion in domestic revenue in the Financial Year (FY) 2025/26, representing a sharp increase from the projected UGX 31.9 trillion in FY2024/25, as the government intensifies efforts to reduce dependence on debt and external financing. Delivering the budget speech at Kololo Independence Grounds, Finance Minister Matia Kasaija said the domestic revenue target will account for 60% of the national budget, with the balance to be met through a mix of concessional loans, domestic borrowing, and grants. The government is banking on stronger tax administration, increased economic activity, and digitised systems…
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The Tax Appeals Tribunal has ordered the Uganda Revenue Authority (URA) to refund over USD 2.5 million (UGX 9.1 billion) to East Africa Marine Transport Company Limited (EAMT). The ruling, delivered on April 30, 2025, centered on a disputed Value Added Tax (VAT) charged on the purchase of M.V. Mpungu, the first scheduled roll-on/roll-off freight vessel operating on Lake Victoria. The tribunal found that URA had wrongly levied VAT on the vessel, despite EAMT’s investment being eligible for VAT exemption under Uganda’s laws encouraging strategic sector development. EAMT, a logistics and marine transport company, had committed to invest at least…
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New findings from Uganda’s Ministry of Trade, Industries and Cooperatives show that there exists a high digital divide, low technology adoption and business registration among micro,…
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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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On the 23rd of December, 2024, four ABMAK Associates’ lawyers made their mark by securing a fair ruling for Heritage Oil in a protracted legal battle against Uganda Revenue Authority at the High Court’s Commercial Division, in which, Justice Susan Abinyo issued an order to the Taxman to refund excess tax to Heritage Oil. Heritage Oil was represented by lawyers including Denis Kusaasira jointly with Festus Akunobera, Joshua Byabashaija, and Steven Kabuye. The CEO Magazine spotlights the career profiles of the ABMAK lawyers who took the shine away from the URA legal team in the complex case. Denis Kusaasira-Partner Denis…
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The High Court’s Commercial Division Judge, Susan Abinyo, has issued an order to Uganda Revenue Authority (URA) to refund excess tax to Heritage Oil after a decades-long legal battle between the two entities with millions of dollars at stake in a complex commercial oil transaction. On December 23rd, 2024, Judge Abinyo ruled that over USD 150 million in exploration costs such as drilling, geological surveys, among others that Heritage Oil incurred should have been accounted for during the capital gains tax computation. This, in effect, resulted into inflated tax charges on Heritage oil. According to audit firm PwC, Capital gains are…
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Stanbic Bank Uganda won the award for Best Client Service Bank 2024 during a high-profile gala event during a recently hosted by the Uganda Revenue Authority (URA) in Kampala. The country’s largest financial institution and the anchor subsidiary of Stanbic Uganda Holdings Limited, was also the recipient of the ‘Innovation Award’, specifically for the impact of the FlexiPay digital platform. Sam Bulenzi, the Bank’s Head of Information said by winning the 2024 Client Service Award, it means that the bank has served URA brilliantly. Stanbic emerged as the Best Tax Appeals Tribunal in client query resolution, Top Bank in terms…
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Ibrahim Bbossa It is important for anyone in Uganda’s entertainment industry to understand their tax obligations. This includes artists, musicians, and writers who are required to pay taxes on their earnings from any creative work they produce. Artists in Uganda are required to pay income tax on all earnings, including international show revenues. Taxable income is your earnings minus allowable deductions. An 18% VAT applies to all services and goods, including entertainment. Artists with annual sales over Shs 150 million must register for VAT and charge it on their services. Freelancers will need to pay a withholding tax of either…
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