Browsing: Knight Frank Uganda

Warehouse leasing declines in Uganda

Uganda Revenue Authority (URA) limited some products from custom warehousing at the port of entry which forced a drop in warehouse leasing activity during the second half of 2019.

This is according to a Knight Frank report which pointed out that impact by statutory directives saw varied activity in the retail segment of real estate, during the period URA issued a list of goods that would not be eligible for customs warehousing at the point of entry.

According to the report, the net effect of this meant that traders would have to import goods, pay taxes immediately and then transport them to the final destination.

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“The change in operations will no longer allow traders to keep certain items in bonded warehouses,” the report reads in part.

Some of the lists of goods included building materials, sugar, wines and spirits, motor …