URA Urges Landlords to Voluntarily Declare Rental Properties and Avoid Penalties
The Uganda Revenue Authority (URA) has urged landlords to voluntarily declare their properties and register for rental income tax to avoid penalties for non-compliance. Isaac Aijuka, the Acting Supervisor of Tax Education Outreach in South Western Uganda, made this appeal while addressing landlords in Mbarara and Lyantonde. “URA has a
Gov’t Moves to Waive Shs 607.9 million in Unrecoverable Taxes for Fresh Cuts Ltd
The Ministry of Finance is seeking Parliament’s approval to waive taxes amounting to Shs 607,931,933 owed by Fresh Cuts (U) Limited. This follows an admission by the Uganda Revenue Authority (URA) that the taxes in question are not recoverable. The request was tabled by the Minister of State for Finance,
Why Museveni Approved Copyright Management System for Ugandan Artists
Yesterday, President Museveni gave green light to a Copyright Management System to protect musicians and ensure they earn from their work. “Now technology should be able to tell us who has played my song and where,” said President Museveni during a meeting in Rwakitura with top officials & musicians, including
IMF calls for review of Uganda’s anti-money laundering and financing of terrorism frameworks
The International Monetary Fund (IMF) has called for a review of the legal ambiguities and deficiencies within Uganda’s Anti-Money Laundering and Combating the Financing of Terrorism (AML/CFT) framework. The IMF said barely a year after the delisting of Uganda off the Financial Action Task Force’s (FATF) Grey List. In February
