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Business
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Ministry of Finance Considers Tax Penalty Waiver for Traders
During a meeting between the Ministry of Finance, Planning, and Economic Development and Kampala traders, Minister Matia Kasaija pledged to consider waiving penalties for traders with outstanding EFRIS fines to promote compliance.
He…
8 Suspects Arrested in Kampala Protests
Eight people have been apprehended and detained in connection with alleged incitement to violence in the Kampala Metropolitan area.
The arrests were made following reports of planned demonstrations and concerns over potential unrest.…
Kampala Traders Call for Enhanced Sensitization on EFRIS
Traders in Kampala have urged the Uganda Revenue Authority (URA) to conduct more awareness campaigns on the Electronic Fiscal Receipting and Invoicing Solution (EFRIS) before they adopt it.
Speaking on a national television program on…
Traders Close Shops in protest of EFRIS
Traders in Kampala's central business district and other areas across the city have opted to keep their shops closed until they can meet with the President in significant numbers.
This decision, led by the Kampala City Traders…
Traders’ Strike: Is the Problem EFRIS or Tax Evasion?
EFRIS- Electronic fiscal receipting and invoicing solution entails using electronic fiscal devices (EFDs); e-invoicing, e-receipting and direct communication with business transaction systems to manage issuance of e-receipts on the…
KACITA Call Off Strike Amidst Promised Presidential Meeting
Chairman of the Kampala City Traders Association (KACITA), Tadius Musoke Naggenda, has called off the planned city traders strike, following assurance of a meeting between the president of Uganda, KACITA leadership, and other key…
President Museveni Champions Industrialization in Northern Uganda
President Museveni emphasized the crucial role of urbanization, particularly through industrialization, during his visit to the Horyal Investment Holding Company in Gem Pacilo village, Atiak Sub-County, Amuru District.
He stated,…
Minister Anite Dismisses Favoritism Claims on Foreign Investors
The State Minister of Finance for Investment and Privatization, Evelyn Anite, has refuted talks of the ministry favoring foreign investors and leaving local investors without privileges.
The minister made these statements during the…
Proposed Tax Hike Threatens Uganda’s Alcohol Industry and Revenue
The Uganda Breweries Managing Director, Andrew Kilonzo, cautioned that the proposed tax increase in the Excise Duty (Amendment) Bill 2024 could render alcoholic beverages unaffordable for consumers. He emphasized that the anticipated rise…
URA Requests Additional UGX 169 Billion for Staff Wages
The Uganda Revenue Authority (URA), has asked Parliament for an additional UGX 169 billion to cover wages for new staff.
Minister of State for Finance, Henry Musasizi, revealed that URA faces a budget cut of UGX 55.73 billion due to this…