Hello Ugandans, You have always asked us what incentives and exemptions are there for local investors and businesses. Today, we are pleased to inform you that we have produced a brand new guide on all the tax incentives and exemptions that you can enjoy as long as you qualify and follow the prompts. Below is a link that you can use to access your soft copy and read it in the comfort of your home. https://lnkd.in/dwDQJvme #FfeBanno #URATaxMchuzi
Uganda Revenue Authority (URA)
Government Administration
Kampala, Central 117,747 followers
Developing Uganda Together.
About us
A sole government institution responsible for the collection of central government revenue. It collects domestic taxes (including non tax revenues) and international trade taxes.
- Website
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https://www.ura.go.ug/
External link for Uganda Revenue Authority (URA)
- Industry
- Government Administration
- Company size
- 1,001-5,000 employees
- Headquarters
- Kampala, Central
- Type
- Government Agency
- Founded
- 1991
Locations
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Primary
Plot M 193/4 Nakawa Industrial Area
URA Tower
Kampala, Central +256, UG
Employees at Uganda Revenue Authority (URA)
Updates
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#DYK Hand tools of akind used in Agriculture, Horticulture or Forestry attract Import Duty. #Customs101 #IBuildUganda
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Coming Up on #URATv Live Tax Mchuzi with Josephine Kabyesiza hosting TE resource Gyagenda Isaac dissecting Business Records #URATaxMchuzi #IBuildUganda
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Our very own Commissioner Domestic Taxes - Sarah Chelangat Muzungyo. ADIT, CPA will grace the #UGEconomicForum today to share about the #URATaxWaiver. She will tell you how you can break free of old tax burdens and get your business back on track. #FfeBanno #IBuildUganda
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Yiga engeri gy'ofunamu ekisonyiwo ku musolo leero mu program yaffe e'ye #Ebbanguliro ku saawa nya ezokumakya wano kumikutu gyaffe jjona ejja URA. 🔗 https://lnkd.in/eEbKwAzZ #FfeBanno
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Tonight on #TvWest , our very own Manager Domestic Taxes South Western Uganda - CPA Peter Twesigamukama will share on the #URATaxWaiver in Runyakitara. Please be sure to tune in if you are from Western Uganda. #URATaxMchuzi #IBuildUganda
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Like the ISO certification connotes the highest of standards, so does the AEO accreditation for international traders when it comes to compliance with trade facilitation standards. For their efforts, AEO's are rewarded with premier service akin to prestige banking. In today's #Customs101 webinar at 10:00am, we are going to dig deep into this program as our PR maverick Solomon Kimbugwe hosts our Customs Risk Manager - Charles Gafabusa Rumanyika, CEVA Logistics Country Manager Abert Mwebembezi and the Roofings Group UG Operations Manager - Paul Munyoro live on #URATv. Tune in to learn a thing or two about this incredible program. #IBuildUganda
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#BecauseOfYou, the taxpayers of Uganda, we have registered yet another month above the revenue target. Remember, we can achieve the Uganda of our dreams only when everyone makes his/her contribution. #DevelopingUgandaTogether
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𝐈𝐧𝐬𝐮𝐫𝐚𝐧𝐜𝐞 𝐂𝐨𝐦𝐩𝐚𝐧𝐢𝐞𝐬 𝐞𝐧𝐠𝐚𝐠𝐞𝐝 𝐨𝐧 𝐀𝐄𝐎𝐈 (𝐀𝐮𝐭𝐨𝐦𝐚𝐭𝐢𝐜 𝐄𝐱𝐜𝐡𝐚𝐧𝐠𝐞 𝐎𝐟 𝐈𝐧𝐟𝐨𝐫𝐦𝐚𝐭𝐢𝐨𝐧). In collaboration with the African Tax Administration Forum (ATAF), we successfully conducted a comprehensive training session for insurance companies last Friday, focusing on their responsibilities under the Automatic Exchange of Information Act, 2023. The training was aimed at equipping insurance firms with necessary knowledge to comply with new regulatory requirements and to enhance their operational transparency. AC Tax Intelligence, Nkwasire Julius Mponooka highlighted the significant benefits of adhering to the new regulations. "For insurance companies, this shift is expected to enhance your reputation, expand your access to global markets, improve risk management, and help avoid legal and financial penalties,” he stated. Supervisor Exchange of Information (EOI), Joseph Balikuddembe detailed specific obligations under the Act, which include applying due diligence to all accounts, identifying accounts held by non-resident taxpayers, and maintaining detailed records of those processes. Insurance companies are required to submit returns to the competent authority, ensuring they comply with the Common Reporting Standard (CRS) guidelines. Manager Exchange-Of-Information, David Dongo elaborated on the types of assets that must be reported under the new regulations. These include securities, partnership interests, commodities, swaps, and various insurance and annuity contracts. He emphasized the importance of understanding those asset categories to ensure accurate reporting and compliance. Ms. Melissa De Jong from African Tax Administration Forum (ATAF) urged insurance companies to maintain comprehensive records of their compliance efforts, including staff training and due diligence outcomes. "Keeping detailed records is crucial for demonstrating adherence to the new standards," she said. CEO - Uganda Insurers Association, Jonan Kisakye ACII ACSI expressed support for the new regulations but also called for continued dialogue between URA and the insurance sector. "We are committed to compliance and supporting these changes," said Jonan. “However, balancing regulatory demands with our business objectives is challenging. We need ongoing engagement with URA to ensure we effectively serve our clients while meeting regulatory requirements." The training session marks a significant step towards enhancing tax transparency and compliance in Uganda's insurance industry. As the new regulations come into effect, insurance companies will play a crucial role in supporting the URA’s efforts to combat tax evasion and ensure fair tax practices. #AutomaticEOI_Uganda | #VoluntaryDisclosureUG | #TaxFraudAlertUG
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Taxpayer: Mpozi when is the deadline for return filing? Taxman: it's today. You have a few hours to go, you have got this, file and pay your taxes kati kati... #URATickTock #IBuildUganda