Search Results

Low-income earners to benefit from planned tax exemptions, says government

Low-income earners to benefit from planned tax exemptions, says government

Henry Musasizi (left) and Hamson Obua addressing the media at ParliamentThe Minister of State for Finance (General Duties), Henry Musasizi, has defended the proposed increase in the government’s total resource envelope, saying it is aimed at supporting key priorities for the 2026/27 fina

Ultimate Uganda

Minister Musasizi: Teachers to Receive Phased Salary Enhancements, Fuel Prices to Rise

Minister Musasizi: Teachers to Receive Phased Salary Enhancements, Fuel Prices to Rise

The Minister of State for Finance, Planning and Economic Development, Henry Musasizi, has revealed that the Uganda Revenue Authority (URA) is expected to collect Shs 44.5 billion in taxes to support a proposed Shs 84.209 trillion national budget for the 2026/27 financial year.Musasizi also

Ultimate Uganda

Gov’t Tables Shs84.2 Trillion Budget, Confirms Salary Enhancements and PAYE Relief

Gov’t Tables Shs84.2 Trillion Budget, Confirms Salary Enhancements and PAYE Relief

The government has unveiled a proposed UGX84.2 trillion national budget for the Financial Year 2026/2027, with projected domestic revenue of UGX44.5 trillion, as part of efforts to boost service delivery and economic growth.Speaking to journalists at Parliament on Friday, the State Ministe

Ultimate Uganda

Airtel dismissed him for mobile money fraud. He won Shs 254 million in court

Airtel dismissed him for mobile money fraud. He won Shs 254 million in court

Peter Katongole worked for Airtel Uganda for 13 years, during which time he rose to the position of Revenue Assurance and Fraud Manager.In early 2020, Airtel began investigating suspected fraud in its mobile money commission system.In February 2020, Airtel’s Revenue Assurance Cent

Ultimate Uganda

MTN Gets Relief in Shs169.9 Bn Tax Case

MTN Gets Relief in Shs169.9 Bn Tax Case

MTN Uganda has secured a major reprieve in its tax dispute with the Uganda Revenue Authority (URA), after the Tax Appeals Tribunal ruled that the company may not be required to immediately pay part of a contested Shs169.9 billion tax bill linked to mobile money transactions.The dispute ste

Ultimate Uganda

URA Raises PAYE Tax-Free Threshold to Shs335,000 From Shs235,000

URA Raises PAYE Tax-Free Threshold to Shs335,000 From Shs235,000

KAMPALA: Uganda is planning sweeping changes to its personal income tax system to ease pressure on low-income earners, even as it rolls out new tax measures to recover at least 49 billion Ugandan shillings in additional revenue, according to official proposals for the 2026/27 financial year seen

Ultimate Uganda

Tax Push Sparks Backlash as Experts Warn Shs4.8tn Drive Could Stifle Growth

Tax Push Sparks Backlash as Experts Warn Shs4.8tn Drive Could Stifle Growth

Economists and tax experts warn that government’s plan to raise Shs4.8 trillion through new taxes, including a fuel levy, could increase inflation, slow construction activity, and undermine economic recovery if the tax base is not widened.A growing chorus of economists and tax experts is

Ultimate Uganda

Uganda to earn over Shs2.2t from first oil exploration in 2026/27

Uganda to earn over Shs2.2t from first oil exploration in 2026/27

State Minister for Finance in charge of General Duties, Henry Musasizi, during the presentation for the 2026/27 Ministerial Policy Statement before Parliament’s Committee on Finance.Uganda is set to make history in the 2026/27 financial year with expected oil revenues surpassing Shs2.2 t

Ultimate Uganda

NGOs and taxes: The truth behind ‘Non-profit’ myth

NGOs and taxes: The truth behind ‘Non-profit’ myth

When most people hear the term NGO (Non-Governmental Organisation), they tend to think of impact—community projects, humanitarian efforts, and driving social change.Taxes, however, are rarely part of that picture.One of the biggest misconceptions about NGOs is that, because they a

Ultimate Uganda

Uganda’s First Oil: A Defining Countdown to Economic Transformation and Energy Sovereignty

Uganda’s First Oil: A Defining Countdown to Economic Transformation and Energy Sovereignty

KAMPALA – As every second, minute, hour, day, and month winds down, Uganda edges closer to its promise—the dawn of oil production.From drilling and completing wells to laying thousands of kilometres of pipeline, Uganda’s progress is unmistakable. Supporting infrastructure, central pr

Ultimate Uganda