Irene Mbabazi Irumba, the Assistant Commissioner Research and Innovation at URA Uganda Revenue Authority (URA) has dissected the real estate taxation and rates, explaining further what tax policies govern the real estate sector. During the second week of the eBomba ya Business summit held at URA headquarters in Nakawa, Irene Mbabazi
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Uganda’s import bill in August 2021 amounted to USD541.5Million (Shs1.934Trn), representing a growth of 8.3% from the USD496.8 million (about Shs1.772Trn) recorded in July 2021, The Ministry of Finance, Planning and Economic Development has revealed. The Ministry’s records are contained in the Performance of Economy Report for September 2021 in which
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A photo montage of some bank CEOs The outbreak of the Covid-19 pandemic and its disastrous effects on global economy hasn’t stopped commercial banks in Uganda from registering growth, with Bank of Uganda revealing that assets for commercial banks grew to almost Shs40Trn. The details are contained in the Annual
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President Yoweri Museveni was accompanied by PM, Robinah Nabbanja to launch the COVID-19 laboratories at Entebbe International Airport The President of Uganda, H.E. Yoweri Kaguta T. Museveni on Friday, October 22, 2021 officially launched the COVID-19 laboratories to be used for mandatory Covid-19 testing of all incoming passengers through Entebbe International Airport at
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Patience T Rubagumya, URA’s Commissioner Legal Services and Board Affairs Uganda Revenue Authority (URA) has been awarded Shs200 billion in revenue after winning 21 court cases. Data from the tax body shows that during the first quarter of Financial Year 2021/22, URA received twenty-five (25) judgments/rulings. Of these, twenty-one (21)
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The Ministry of Finance has revealed that financial institutions extended loans to a tune of Shs821bn in August 2021, with borrowers seeking personal loans applying for the biggest chunk of loans. The Ministry’s revelation is contained in the Performance of Economy Report for September 2021. “The value of loans approved for disbursement
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While women are encouraged to always check their breasts to look out for any possible swelling five to ten days every after their monthly periods, experts at the Uganda Cancer Institute say men should do the same at any time during the month. Dr. Noleb Mugisha, an oncologist who heads
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Mobile money transactions hit a record Shs113.38Trn in Financial Year 2020/21, the Bank of Uganda 2021 Annual report has revealed. The Central Bank Governor Prof. Emmanuel Tumusiime-Mutebile says that in accordance with the provisions of the National Payment Systems Act 2020, each of the companies received a Payment Systems Operator (large funds transfer)
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The Uganda Fish Processors and Exporters Association has asked parliament to ban the local consumption of the Nile Perch. Sujal Goswami, the chairperson of the association tabled the request to the agriculture committee of Parliament which is currently considering the Fisheries and Aquaculture Bill, 2021. The Bill seeks to consolidate
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The excavators deployed to clear aquatic weeds at Kamuwunga landing site in Kalungu district The Egyptian government has offered to support the clearing of the Kamuwuga Landing Site in Kalungu district, which has been overrun by the water hyacinth and other aquatic weeds. The landing site, which is located in
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