Business Tycoon Patrick Bitature has refuted reports that his businesses benefited from an offshore arrangement to lower his tax bill in Uganda. Recently, leaked documents from Mauritius showed that Bitature and his company Electro-Maxx Uganda Limited received loans from Africa Frontier 1 LLC, a company based in Mauritius. The International Consortium of Investigative Journalists received the documents, from which Daily ...
Read More »Uganda Revenue Authority Names Top Companies Invading Taxes
Uganda Revenue Authority (URA) has named 817 companies that invading taxes since 2017 hence making the tax body fail from achieving tax collection targets. Cyprian Chillanyana, Assistant Commissioner Domestic Taxes and Business Policy in Uganda Revenue Authority named these companies while briefing the media in Nakawa. These companies include Munyonyo Commonwealth Resort Limited which declared a loss on 48.6 billion ...
Read More »URA To Tax Bibles, Qurans
The Uganda revenue authority(URA) has come out to introduce taxes on religious books i.e; Quarns, holy Bibles and Hymn books. Check also: The Bible Helped Me Quit Drugs-Says Former NTV Presenter Dave Dash This tax however has not been applauded by the people and they’re against it already. People claim that they thought government taxes things that generate income and these ...
Read More »Stanbic Bank Uganda and Uganda Revenue Authority Makes tax payment Easy
All Tax payers are now able to pay their tax duties by using VISA, MasterCard and MTN Mobile money the secure convenient and affordable online method that is launched by Stanbic bank together with URA (Uganda Revenue Authority). Check also: Uganda Could Get Rich On Oil, According To World Bank The online platform is easily accessed by both Stanbic and ...
Read More »Airtime Prices Increase Due To New URA Tax Policy
According to Ian Rumanyika the corporate affairs manager at URA, the main airtime distributors of airtime have agreed to the new changes in tax policy. Check also: UCC takes on MTN over Internet Bundles Recently airtime vendors have been charging an extra 10 percent over and above the face value of airtime. This has shocked Ugandans and yesterday the telecom companies ...
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