SUMMARYUnpaid Airtel Money and MTN MoMo loans can be reported to licensed Credit Reference Bureaus (CRBs).Your credit history follows your National Identification Number (NIN), not your SIM card.Paying off a defaulted loa
The Permanent Secretary for the Ministry of Local Government, Mr. Ben Kumumanya, has intensified the call for public servants to exercise their roles with absolute transparency and integrity.According to a new accountability battle unfolding across Uganda’s local government system, sever
The new scheme, introduced by the Agencia de Recaudación y Control Aduanero (ARCA) replaces the previous paper-based process with an end-to-end digital platform aimed at reducing bureaucracy, speeding up refunds and improving transaction traceability.Under the new system, foreign tourists
Vivo Energy's acquisition of a 50% stake in KFC Uganda triggered a tax dispute with URAThe Tax Appeals Tribunal (TAT) has cancelled a Shs 4.24 billion tax assessment imposed on Kuku Foods Uganda, the company behind the KFC franchise in Uganda, following changes in the fast-food firm’s ow
Stanbic Bank Uganda is suffering a devastating reputational loss after the Uganda Revenue Authority (URA), recently moved to withdraw all its accounts from the bank, effectively stripping it of a lucrative tax collections business worth more than UGX 11 trillion a year.The decision means t
The Deputy Resident District Commissioner (RDC) for Kayunga, John Magezi, has cautioned Local Council I (LC I) chairpersons against engaging in or endorsing fraudulent land transactions, warning that the practice of issuing conflicting signatures on land agreements is fuelling escalating land dis
Ernst & Young Uganda, one of the leading audit firms, has been ordered to pay the Uganda Revenue Authority (URA) Shs 3.48 billion as VAT from services it received from foreign companies within its global network.The dispute began after URA audited Ernst & Young Uganda for the perio
If you have been following the exchange rate lately, you already know the story. The Uganda shilling has been under sustained pressure against the US dollar, and for ordinary Ugandans who are either receiving money from a relative abroad, running a small business, or simply trying to save, that d
sensational fraud case involving billions of shillings, allegations of counterfeit currency and a prominent Ugandan businessman has exploded in court after consultancy firm Newplan boss Omulen Levy Lawrence was cited in a purported fake money racket during proceedings that saw eleven suspects rem
Elizabeth Nyasuna, who worked as Team Leader at Stanbic Bank’s Entebbe branch, has been awarded Shs 40 million by the court after the bank unlawfully dismissed her over a suspicious Shs 75 million cash withdrawal in 2012.Justice Anthony Wabwire Musana of the Industrial Court said Stanbic
