Ugandan importers have every reason to celebrate this November. The Uganda Revenue Authority (URA), in collaboration with the Kenya Revenue Authority (KRA) and Kenya Ports Authority (KPA), has announced a …
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The announcement was simple yet seismic: the familiar Tax Identification Number, known to most as the TIN, is being retired, and in its place rises a new national symbol of …
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EconomicsFinanceTaxation
Behind the Scenes of Corporate Love Affairs – The truth about Transfer Pricing
The Mubiru family is one of those classic Ugandan entrepreneurial households, united, visionary, and deeply connected by business. Hope, the eldest, runs Hope’s Harvests, a fruit-processing company in Kiruhura. Her …
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A continental workshop on Enhancing Tax Compliance Among High-Net-Worth Individuals (HNWIs) in Africa was held in Entebbe from 21-23 October, co-organised by the African Tax Administration Forum (ATAF) and the …
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FinanceNewsOpinionsTaxation
When a Lease Becomes Rent – TAT Redefines the Boundaries Between Business and Rent Income
The email from the Uganda Revenue Authority landed like a thunderclap: “Notice of assessment forundeclared rental income.” For the management of Lake Victoria Hotel Limited, those words carried aweight no …
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Tax audits are official examinations of a taxpayer’s financial records, returns, and supporting documents to ensure taxes are accurately declared and paid. Mandated under the Tax Procedures Code Act (TPCA), …
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Last week, the International Monetary Fund, (the go-to people in case you run short of foreign exchange), gave the Uganda government a pat on the back for successfully steering the …
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The Uganda Revenue Authority (URA) is anticipated to fall short of its revenue collection target for the financial year 2023/24, which is nearing its end. The projected domestic revenue for …