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Why MTN is at loggerheads with URA in Shs 1.5 trillion tax stalemate
For the past five months or so, Uganda Revenue Authority (URA) has been at loggerheads with Uganda’s biggest telecommunications company, MTN.This follows an audit carried out by SafariTech - a Kenyan company tha
Ultimate Uganda
CSOs call for rationalisation of local govt, Parliament
Uganda's Civil Society Organisations (CSOs) have urged the government to reassess its approach to the ongoing rationalisation process, emphasising the need to prioritise local government and Parliament reforms to effectively reduce taxpayers' expenses. Mr Julius Mukunda, the Executive D
Ultimate Uganda
URA, BAT move to tighten noose against contraband boosts DTS
The British American Tobacco team led by Chris Achola, Cluster Head BAT East and Southern Africa met with URA to identify ways on curbing illicit trade in cigarettes in the East African region. During the meeting held at URA headquarters, Nakawa BAT proposed different ways through which
Ultimate Uganda
Ssenyonyi wants probe into Shs550b Atiak sugar deal
The Leader of Opposition in Parliament (LoP), Mr Joel Ssenyonyi, has tasked the government to conduct a comprehensive audit to establish how Shs553.71 billion that has been pumped into Atiak Sugar Factory was utilised, saying there is little to nothing on ground to show for the money. Fo
Ultimate Uganda
Parliament summons Finance, AG over Roko’s Shs260b bailout
Two years after government voted to invest more than Shs266 billion in Roko Construction Company, concerns are growing that if not closely monitored, this may turn into another huge loss to the taxpayer. Parliament now wants the government through the Ministry of Finance, Planning and Ec
Ultimate Uganda
IGG rallies taxpayers against corrupt civil servants
The Inspector General of Government has told Ugandans to stop entertaining public officials who are taking advantage of official government rules and procedures to extort money. Speaking during the third Institute of Corporate Governance Awards last Friday, Ms Beti Kamya, said it is high
Ultimate Uganda
Govt job renewals will be based on project performance, Ggoobi tells accounting officers
The Ministry of Finance has warned accounting officers to ensure that projects under their ministries, departments, and agencies are executed within set timelines, failure of which they will be held liable for cost delays. In details contained in the Performance of Externally Funded Proj
Ultimate Uganda
URA asks companies earning Shs500m annually to submit audited books
Uganda Revenue Authority (URA) has rolled out new income tax compliance measures that will require businesses with an annual turnover of Shs500m and above to submit audited financial statements, together with their tax returns. The submitted documents, according to URA guidelines, will h
Ultimate Uganda
Atiak Sugar Factory: Billions spent, no production
When the machines at the factory first started roaring over a decade ago, its senior management pledged to turn the venture into “an engine for development to support the livelihoods of vulnerable populations”. More than a decade since its inception in 2013, Atiak Sugar Factory con