Government Sets Shs40 Trillion Tax Target for URA in FY 2026/27
The government has raised the bar for the Uganda Revenue Authority (URA), tasking it to collect over Shs40 trillion in taxes to bankroll the Shs69.399 trillion national budget for the 2026/27 financial year—leaving the country to plug the remaining gap through borrowing. Finance State Minister Henry Musasizi said domestic revenue
Gov’t Courts New Alcohol Brands to Strengthen Economy and Jobs
Uganda has intensified efforts to attract foreign direct investment in manufacturing, with the Minister of State for Investment and Privatisation, Evelyn Anite, calling on global alcohol brands to establish production facilities in the country. Speaking at the launch of Offshore Vodka from Australia, Vodka Cruisers from New Zealand, and Tequila
Gov’t Offers Amnesty to domestic Tax payers
In a move that could redefine the relationship between taxpayers and the state, the Uganda Revenue Authority (URA), under the Ministry of Finance, has rolled out what it’s calling a final waiver on all accumulated interest and penalties for domestic tax arrears. Marketed as a relief measure for businesses still
URA foils Kadama Smuggling Plot, Seizes Phone Screens, Laptops and Smartphones worth Shs 329.3 million
The Uganda Revenue Authority (URA) Enforcement team at Entebbe International Airport recently intercepted a significant consignment of smuggled mobile phone accessories valued at USD 90,000 (Shs 329.3 million). The seized items included 1,172 packets of button phone screens and 22,837 packets of LCD/LED phone screens. With the growing demand for
Henry Tumusiime Appointed Human Capital Director at Absa Bank Uganda
Absa Bank Uganda has announced the appointment of Henry Tumusiime as its new Human Capital Director, effective 16 April 2025. Henry brings with him over 18 years of experience in organizational leadership and development, human resource management, and cultural transformation. He joins Absa Bank Uganda from Abacus Pharma (Africa) Limited,
URA to Collect Record Revenue as Budget Allocation Rises
The Uganda Revenue Authority (URA) has been tasked with collecting over Shs 36.71 trillion in the 2025/26 financial year to finance government activities. This target surpasses the Shs 31.369 trillion set for the current financial year, 2024/25. The announcement was made by Henry Musasizi, Minister of State for Finance, during
