Let’s aim for economic self-sufficiency
Friday May 14 2021
Summary
This is a mandate that URA takes sacred and over the years has discharged as evidenced in its revenue mobilisation efforts.
There has been significant improvement in revenue collections from the time the NRM government ascended to power up to date.
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The formation of the Uganda Revenue Authority (URA) in 1991 was one of the government’s major reforms aimed at improving our economic performance and self-sustenance as a nation.
This is a mandate that URA takes sacred and over the years has discharged as evidenced in its revenue mobilisation efforts.
Daily Monitor
Monday May 10 2021
President Museveni (centre) and other officials during the commissioning of a mobile transformer for the Mbale Industrial Park on November 25,2020. PPU/PHOTO
Summary
Debt spiral implies that government is spending more revenue to service debt at the cost of service delivery in more critical areas.
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The government will continue borrowing to bankroll what a minister says are flagship projects essential to spur the growth of Uganda’s economy, presently hamstrung by Covid-19 disruptions, potentially worsening the debt situation.
State minister for Finance in-charge of Planning David Bahati last Friday listed 13 projects that he said “must be implemented to spur the growth of our economy, support the industrialisation agenda, create wealth and jobs for Ugandans.”
Daily Monitor
Thursday May 06 2021
Summary
In June last year, government signed a deal with RippleNami to build a data visualisation system that would match rental properties with their owners as well as estimate the value of rental income from a property.
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A US-based company that government hired to build a digital system that seeks to maximise rental tax collections is now in the final stages ahead of the product launch, according to Ms Jaye Connolly-LaBelle, the RippleNami Uganda chairperson.
The system, which seeks to trace landlords that are non-compliant and those that under declare rental incomes as well as matching properties to real owners, Ms Connolly-LaBelle, said has been undergoing demonstrations with the most recent being a prototype demo at Uganda Revenue Authority (URA).
Proposed taxes will increase cost of doing business
Tuesday April 13 2021
Passenger Service Vans in Kampala. The government is planning to re-introduce an annual licence by July this year following the Traffic and Road Safety Act Amendment Bill 2021. PHOTO/EDGAR R. BATTE
Summary
Revenue targets. Government hopes to raise at least Shs400 billion from 10 Tax (Amendment) Bills 2021 in the quest to meet revenue targets in an economy where the Covid-19 pandemic has battered collections.
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On April 1, Finance Minister Matia Kasaija proposed a raft of tax amendments, most of which tax analysts say if passed in their current form, will deepen the tax burden.
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