Remember when the Uganda Revenue Authority (URA) unveiled the Electronic Fiscal Receipting and Invoicing System (EFRIS)? Many business owners and traders were perplexed. Rumors swirled, and misconceptions spread like wildfire. ‘Is it another tax?‘ they wondered. Asking whether it was a new burden on their already strained businesses? But little did they know, EFRIS was…
The additional UGX 93.9 billion collected in July is expected to have a positive impact on the national budget.
By Amos Ssemuwemba Value Added Tax (VAT) is a crucial aspect of Uganda’s taxation system, serving as a consumption tax on taxable goods and services. Introduced on July 1, 1996, VAT replaced the Sales tax and commercial transaction levy to streamline the tax system and enhance revenue collection. VAT is a consumption tax levied…
By; Amos Ssemuwemba Kampala City Traders Association (KACITA) members have closed their shops today, July 31, after expressing frustration over the abrupt cancellation of their scheduled meeting with the President. The meeting, originally planned for today, was called off due to renovations at Kololo Independence Grounds, as communicated by Minister for Kampala Capital City and…
President Yoweri Kaguta Museveni in a surprise move announced by his media team on July 5 created a new Revenue Intelligence Unit to check the country’s tax administration systems. The creation of the unit also brought Mr. David Kalemera as its pioneer head with an uphill task of closing revenue leakages, fraud schemes and…
