Online traders in Uganda risk losing the market or even discourage online shopping all together over persistent failure to fulfill the expectations of the online customers, according to trade and digital innovation experts. The growth of online business has picked up pace during the lockdown as more people sought to access goods and services amidst transport restrictions and the digital-based…
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The Uganda Manufacturers Association (UMA) has welcomed the decision by the Uganda Revenue Authority (URA) to extend the implementation date of the E-invoicing/receipting system (EFRIS) after several engagements. The decision to extend the implementation date from October 1st, 2020 to January 1st, 2020 that was arrived at during an engagement with members of the UMA and URA Commissioner General on…
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A man who has been impersonating as Uganda Revenue Authority (URA) customs staff has been arrested. The Acting commissioner Customs at URA Julius Lubagumya says that Kareb Kankireho was intercepted at Jinja Road following numerous complaints from traders who have fallen victim to his tricks. It is alleged that Kankireho extorted one million shillings from Fred Kasozi, a trader in…
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Uganda’s public debt has grown to Uganda shillings 46 trillion (USD12.5bn) as at the end of June 2019 up from Shs 39 trillion (USD10.7bn) in June 2018, according to the latest Ministry of Finance report. This raises the share public debt from 34.8% of GDP in 2017/18 to 36.1% of GDP in 2018/19. Most of the debt is externally sourced,…
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Uganda is set to lose more than 500 billion Shillings in tax waivers during the 2019/2020 financial year alone, the Uganda Revenue Authority has indicated. A tax waiver is when a company or an individual engaged in a certain activity where they are supposed to pay, is granted a chance not to pay. This can be mainly to make sure…
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