tax
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Eastern
URA launches e-receipt tax campaign in Mbale City
MBALE – The Uganda Revenue Authority [URA] has launched the electronic fiscal receipting and invoicing solution [EFRIS] to ease tax collection. EFRIS is an automated compliance process established by the URA which…
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Northern
URA commends Lango Sub-region for increased tax revenue in 2023
LIRA – The Uganda Revenue Authority [URA] has lauded taxpayers in Lango Sub-region for the growth in the revenue collection attained so far in the year 2023. This pronouncement was made during…
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Finance & Banking
MPs pass bill to kick start Islamic Banking in Uganda
KAMPALA – The enactment of the Income Tax Amendment Bill No.2 of 2023 has cleared all legal roadblocks to the commencement of Islamic banking products in Uganda. Parliament on Tuesday, 27 June…
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News
Tax revenue collection: Soroti City authorities in dilemma as tenderers underperform
SOROTI – Soroti City is losing over Shs 100mln monthly as a result of noncompliance among the tenderers and businesses that evade paying taxes, forcing authorities to think of what to do…
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News
Mbarara City approves Shs 67.7bln budget for next financial year
MBARARA – Mbarara City councillors have passed a draft budget of Shs 67.7 billion for the next financial year 2023/2024 which kicks off on July 1, 2023. John Kavigi, the chairperson social…
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News
Nebbi Municipality launches IRAS to enhance revenue collection
NEBBI – To improve local revenue collection in Nebbi Municipality, authorities have launched the Integrated Revenue Administration System [ IRAS ]. IRAS is an online and mobile application platform that enables local…
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Finance & Banking
Centenary Bank posts 11.4 percent growth as rivals dispute Auditor General on undercapitalisation claims
KAMPALA – Centenary Bank had its gross profit rise by 11.4 percent to Shs 321.2 billion in the year ended December 31, 2022, from Shs 288.5bln posted in 2021, the bank’s managing…
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Finance & Banking
UDB readies Shs 18.3bln for 19 projects in Bunyoro
HOIMA– At least 19 projects in Bunyoro Sub-region that need cheap loans will benefit from Shs 18.3 billion offered by Uganda Development Bank [UDB], with the projects expected to create 432 jobs…
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Development
Gov’t urged to pay contractors
KAMPALA-Government has been urged to prioritise funds meant for the payment of contractors hired by Uganda National Roads Authority [UNRA] if financial hemorrhage is to be avoided. As of 27 September 2022,…
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Cooperatives & Communities
Paicho Central Kal Cooperative Society farmers keen on record keeping
GULU– Farmers under Paicho Central Kal Cooperative Society in Gulu district have prioritised record keeping, saying it helps them to track their business transactions. The cooperative which largely grows maize, sorghum, soybeans,…
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