Let’s be honest, the conversation around cryptocurrency in Uganda has often felt like watching a high-stakes thriller. We see the glittering promise, a future of instant cross-border payments, financial inclusion for the unbanked, and a ticket to the global digital…
The Ministry of Finance, Planning, and Economic Development has announced the release of funds for the fourth quarter (Q4) of the 2024/25 financial year, alongside a positive outlook on Uganda’s economic performance. The press statement, delivered by Permanent Secretary Ramathan…
In a bid to boost tax compliance and drive economic growth, the Uganda Revenue Authority (URA) has turned to religious leaders for support. The URA today held a high-level dialogue with the Inter Religious Council of Uganda (IRCU), during which…
Amatheon Agri Uganda Ltd. (AAU), a subsidiary of the Euronext-listed Amatheon Agri Holding N.V., has successfully restructured its EUR 20,000,000 convertible bonds and converted EUR 18.66 million in shareholder loans into equity, signaling a robust move to enhance its financial…
The exemptions, granted under Section 40(1) of the Tax Procedures Code Act, 2014 were based on financial hardships and the strategic importance of the entities to economic development Parliament has approved tax waivers of over Shs9.5 billion for selected local…
The Uganda Revenue Authority (URA) has joined forces with Kenya’s tax body, Kenya Revenue Authority (KRA), to combat cross-border smuggling. This strategic partnership aims to curb illicit trade and tax evasion, promoting economic growth and development in both countries. URA’s…
In a landmark ruling, the Tax Appeals Tribunal has ordered CFAO Motors, formerly Toyota Uganda, to pay Shs2.08 billion to the Uganda Revenue Authority (URA) in a Value Added Tax (VAT) dispute. The tribunal’s decision clarifies the application of Value-Added…
The URA Commissioner General, John R. Musinguzi has called upon the early adopters of the Electronic Fiscal Receipting and Invoicing Solution (EFRIS) to support their counterparts who are still facing challenges to enable EFRIS fully take off. He made the…
CPA Dr. James Okello Onyoin, Co-Founder and Managing Partner, HLB Jim Roberts HLB Jim Roberts is an auditing and consulting firm constituting a partnership of four qualified Chartered and Certified Public Accountants. It is one of the leading firms providing…
PHOTO: John Rujoki Musinguzi, Commissioner General, URA John R. Musinguzi, the Uganda Revenue Authority (URA) Commissioner General, has been reappointed for a second 4-year term. He was first appointed in March 2022 to take over Uganda’s tax authority from Doris…
Uganda Development Bank (UDB) has launched the Enterprise Development Program aimed at preparing entrepreneurs for financing through enhanced business practices. The Enterprise Development Program will be a series of trainings under the country’s development finance institution’s Business Accelerator For Successful…
The Minister of Trade, Industry and Cooperatives, Hon Francis Mwebesa has appointed Ms Geraldine Ssali Busulwa, the Permanent Secretary at the Ministry on the Uganda Revenue Authority Board. Ssali who also sits on the board of the Uganda Development Corporation…
It is not uncommon in our land for things to stop at promise and policy level without real on-ground implementation. This trend has given rise to a doubt-over-faith mentality. It is therefore going to take a considerable streak of successful…
Uganda Revenue Authority has established mechanisms to start collecting VAT from non-resident service provider companies operating in the Ugandan economy. Collection of VAT from these companies is starting effective 1st July 2022, and will focus on all electronic service providers.…
The Public Relations practitioners in Uganda have been urged to create safe working spaces within the companies they work for so as to create strong mental health amongst staff. The call was made by Samuel Apedel, the Senior Manager Public…