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Shs710b in rental tax uncollected annually

Shs710b in rental tax uncollected annually
Friday May 28 2021
Summary
Speaking during the Tax Forum CEO Breakfast meeting in Kampala, Ms Connolly-LaBelle, said about 92 per cent of rental income is not taxed, which denies government close to Shs710b.
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Only 8 per cent of rental tax is collected, which leaves the larger majority of rental income untax, according to Ms Jaye Connolly-LaBelle, the RippleNami chairperson and chief executive officer.
Speaking during the Tax Forum CEO Breakfast meeting in Kampala, Ms Connolly-LaBelle, said about 92 per cent of rental income is not taxed, which denies government close to Shs710b.
Ms Connolly-LaBelle, whose company signed a contract with government last year to develop technology through which collection of rental tax can be maximised, did not explain how she had arrived at the figure. ....

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Ray of hope as govt revises 2021 fiscal deficit to 9.7%

Daily Monitor
Thursday May 27 2021
Traders and shoppers go about their business on Allen Road downtown Kampala in November last year. PHOTO/DAVID LUBOWA.
Summary
In the post-election economic and fiscal update, the Ministry of Finance, Planning and Economic Development said the reduction in fiscal deficit is owing to a better than previously expected outlook on domestic revenue mobilisation for the financial year ending June 30 2021.
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The government has revised down its total spending which will see the fiscal deficit reduce to 9.7 per cent from an earlier projection of 10.7 per cent following a positive outcome during the course of the year. ....

Uganda Revenue Authority , Economic Development , Quarter One , Quarter Three , Financial Year , Electronic Fiscal Receipting , Invoicing System , உகந்த வருவாய் அதிகாரம் , பொருளாதார வளர்ச்சி , காலாண்டு ஒன்று , காலாண்டு மூன்று , நிதி ஆண்டு , விலைப்பட்டியல் அமைப்பு ,

Uganda: Ura Rejects Call to Extend E-Receipts January Deadline

Uganda: Ura Rejects Call to Extend E-Receipts January Deadline
allafrica.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from allafrica.com Daily Mail and Mail on Sunday newspapers.

Ian Rumanyika , John Rujoki Musinguzi , Simon Kaheru , Uganda Revenue Authority , Uganda Manufacturers Association , Electronic Fiscal Receipting , General John Rujoki Musinguzi , Invoicing System , Tuesday Mr Simon Kaheru , Domestic Revenue Mobilisation Strategy , உகந்த வருவாய் அதிகாரம் , உகந்த உற்பத்தியாளர்கள் சங்கம் , விலைப்பட்டியல் அமைப்பு , உள்நாட்டு வருவாய் அணிதிரட்டல் மூலோபாயம் ,

URA rejects call to  extend e-receipts January deadline

URA rejects call to extend e-receipts January deadline
Thursday December 17 2020
Summary
The first phase which, according to URA, would seek full enforcemenet by October 1, was extended after some manufacturers and taxpayers experienced challenges in integrating their systems while others were not able to fly in their technical teams to support the integration due to the lockdown.
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Uganda Revenue Authority (URA) has rejected a proposal in which manufacturers had asked the tax agency to extend the deadline for implementation of the Electronic Fiscal Receipting and Invoicing System.
In a letter dated December 7, URA Commissioner General John Rujoki Musinguzi, notified manufacturers they would implement the Electronic Fiscal Receipting and Invoicing System effective January 1, 2021, warning manufacturers who would not have put in place supporting infrastructure of dire consequences. ....

Ian Rumanyika , John Rujoki Musinguzi , Dorothy Nakaweesi , Simon Kaheru , Uganda Revenue Authority , Uganda Manufacturers Association , Revenue Authority , Electronic Fiscal Receipting , General John Rujoki Musinguzi , Invoicing System , Tuesday Mr Simon Kaheru , Domestic Revenue Mobilisation Strategy , உகந்த வருவாய் அதிகாரம் , உகந்த உற்பத்தியாளர்கள் சங்கம் , வருவாய் அதிகாரம் , விலைப்பட்டியல் அமைப்பு , உள்நாட்டு வருவாய் அணிதிரட்டல் மூலோபாயம் ,

URA, RippleNami kickoff the Rental Tax Compliance System (RTCS) project

URA, RippleNami kickoff the Rental Tax Compliance System (RTCS) project
December 17, 2020
Written by OUR REPORTER
Six months after RippleNami® Uganda committed to the Government of Uganda, to empower the Uganda Revenue Authority (URA) with cutting edge traceability and transparency technology for improving rental income tax compliance, the project has kicked off with both parties promising a win-win for both taxpayers and the Government.
On June 05
th 2020 RippleNami® Uganda and the Ministry of Finance, Planning, and Economic Development (MoFPED), signed an agreement for the former to deliver the Rental Tax Compliance System (RTCS).
The system is a blockchain data visualisation platfor ....

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