Browsing: Uganda Revenue Authority (URA)

Uganda Revenue Authority targets Ugandans in Australia assets

Uganda Revenue Authority (URA) received information from Australia that Ugandans own assets worth $13.1m in the country.

URA revealed it is re-enforcing its alertness towards tax leakages driven by off shore assets held by Ugandans in a brief released last week.

“An initial report obtained from the Australian Tax office indicates that by September 2019, over $13.1m was held in various assets in Australia by person’s resident for tax purposes in Uganda,” the brief reads in part.

To counter risks presented by globalisation, open markets and digitisation Uganda Revenue Authority has enhanced the exchange of information facility through the worldwide exchange of information network.

Also Read: Middle East, Comesa leading markets for Ugandan export

The move seeks to simplify investigations into the concealment of incomes, tax base erosion by multinationals and country of origin fraud. Through the platform, URA has retrieved $25.4m.

In hope of accessing concealed transaction-level data and …

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.

Also Read: Uganda leads EAC in ease of forex access

“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 …

Uganda Revenue Authority assistant commissioner IT James Kizza is the winner of the East Africa CIO of the Year Award 2019.

Uganda Revenue Authority assistant commissioner IT James Kizza is the winner of the East Africa CIO of the Year Award 2019.

He has been recognized for his “crucial role” in the trail-blazing digital development of the URA.

READ ALSO:Uganda Revenue Authority(URA) disagrees with importers over payment method

According to the judges, the role of the chief information officer (CIO) continues to evolve at a breakneck pace, and only those executives who advance in lockstep will enjoy prolonged success and better the enterprises that they dedicate their energies to serve.

The 2019 East Africa CIO100 jury led by Professor Louis Fourie, former VC at the Western Cape Peninsula University of Technology, flanked by Alex Ntale CEO – Rwanda ICT Chamber, Bill Sangiwa, Digital Transformation Expert in Tanzania, Charles Musisi, a senior ICT expert in Uganda and Elizabeth Ochieng, ICT director- Deloitte appreciated the high level of submissions for the 2019 …