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Government urged to put breaks on tax incentives to companies

Government urged to put breaks on tax incentives to companies

Tax controversies have recently stirred debate across the country, with the country’s tax body – the Uganda Revenue Authority (URA)—and the National Treasury struggling to justify certain tax breaks to particular companies while in the National Assembly. In a new twist, the two age

Ultimate Uganda

Trump says he will not run again if he loses in November

Trump says he will not run again if he loses in November

Republican Donald Trump said that he will not make a fourth consecutive run for the U.S. presidency if he loses the November 5 election, saying "that will be it" in an interview released on Sunday. Asked if he saw himself running again in four years if he is not successful in his third c

Ultimate Uganda

URA Officers Manipulate Tax TINs to Steal UGX 319 Million

URA Officers Manipulate Tax TINs to Steal UGX 319 Million

(Kampala) – When you think of Uganda Revenue Authority (URA), you imagine tireless civil servants keeping our tax money safe, right? Well, it seems a few of them have decided to play a different game—dodging the very taxes they’re supposed to protect. We are not talking about a few missed shil

Ultimate Uganda

Income from telecom investments, bonds shore up NSSF assets to Shs22 trillion

Income from telecom investments, bonds shore up NSSF assets to Shs22 trillion

Telecom investments have shored up NSSF’s income, strengthening the Fund’s assets. National Social Security Fund (NSSF)'s earnings in the year ended June increased by 15 percent, from Shs2.2 trillion to Shs2.53 trillion, due to a surge in interest, dividend, and real estate inc

Ultimate Uganda

EOC urges government to stop funding schools charging high fees

EOC urges government to stop funding schools charging high fees

The Equal Opportunities Commission (EOC) has asked the government to stop funding top schools that continue to charge excessive school fees. Ms Susan Nambatya, the EOC research associate, who yesterday spoke at the release of findings of a study on fees charged by government and private

Ultimate Uganda

Open Letter to Professor Ssentongo: Addressing Inappropriate Remarks About Eric Joseph Sakwa

Open Letter to Professor Ssentongo: Addressing Inappropriate Remarks About Eric Joseph Sakwa

Dear Professor Jimmy Ssentongo, As a cultural institution representing the Bamasaba people, we have received a complaint from one of our clan members, Eric Joseph Sakwa, of Namwenula Village, Siu Clan, Mbale District. It concerns your recent public comments, in which you described him as a â€

Ultimate Uganda

NSSF savers set to get more than 10%

NSSF savers set to get more than 10%

Contributors to the National Social Security Fund (NSSF) can expect to receive more than the 10 percent interest they earned this year when the Finance minister announces the yield from the last financial year next week.  NSSF managing director Patrick Ayota said at a news conference in

Ultimate Uganda

PRIMEIs the EU coffee rule worthwhile?

PRIMEIs the EU coffee rule worthwhile?

The new regulation demanding coffee farmers and exporters to prove that the commodity did not contribute to deforestation before being allowed access to the European Union (EU) market has suddenly sent the sector regulator into an overdrive mode, if not, a state of uncertainty, Prosper Magaz

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How East Africa has changed presidents since Museveni era started

How East Africa has changed presidents since Museveni era started

Since President Museveni took over as the head of State in 1986, the leadership in the neigbouring countries has kept changing. We take a look at Mr Museveni’s counterparts since then.Kenya

Ultimate Uganda

Vandals, inside theft and ageing grid damn UETCL

Vandals, inside theft and ageing grid damn UETCL

The amount of money that the Uganda Electricity Transmission Co Ltd (UETCL) spends to transmit electricity has significantly risen due to an ageing grid, a 2023 value-for-money audit by the Auditor General (AG) has revealed.The audit shows that the actual expenditure for some of the activi

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