John Musinguzi Rujoki, the URA Commissioner General Uganda Revenue Authority (URA) started the calendar year 2023 with explanations regarding the new plan for the taxation of the incomes of artistes in the entertainment industry. This is one of the revenue measures being put in place for the financial
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Private sector activity picked up again in Uganda in December, extending the current growth sequence to five months. The Ugandan private sector ended 2022 on a positive note, with ongoing expansions in output, new orders and employment recorded, according to the latest Stanbic Purchasing Managers’ Index released today. At 52.0
Read MoreCostly Mistakes Vegetable Farmers Should Avoid In 2023 To Make Profits
Cabbages can make money if you do the right thing By Micheal Kabenge Mugalaasi Farmers often make losses due to mistakes they make albeit ignorantly. Below are mistakes vegetable farmers should avoid to enjoy 2023 and make more money. Poor Soil Management Any Successful farmer will testify to the fact that
Read MoreHard Times As Uganda Records Shs2 Trillion In Balance Of Payments Deficit Leading To Decline In Reserves
Uganda’s earnings from exports remains lower compared to expenditure on imports Uganda’s external position weakened in the 12 months to October 2022, reflecting adverse spillover effects associated with the Russia-Ukraine conflict especially on the commodities terms of trade which exerted pressure on the trade balance, keeping the current account on
Read MoreBoU says Uganda’s public debt is sustainable Uganda’s public debt in nominal value stood at Shs79.938 trillion (approximately 49 % of GDP) in October 2022, the Bank of Uganda (BoU) has said in its recently released State of the Economy Report for December 2022. “Public debt remains sustainable. Public debt as a
Read MoreEnergy Minister, Ruth Nankbirwa. Can her Ministry connect 10 million households to electric grid? The year 2022 has been that of ups and downs for Uganda’s electricity sector. From the flooding at Isimba leading to a national blackout to the return of load shedding and the enactment of the Electricity
Read MoreBy Sarah Chelangat, URA Commissioner Domestic Taxes For years, tax compliance has eluded the tax man with slightly over 2 million taxpayers out of a population of 20 million working adults contributing to the tax base. Of the 2 million registered taxpayers, 50% are companies doing business in Uganda. This means
Read MoreIt is more than half a year now, and Police are still holding onto Dr. Kiiza Besigye’s vehicle which was impounded in June during protests against raising commodity prices in the country. Dr. Besigye, the four time presidential candidate and head of the Red Card Front pressure group together with
Read MoreBy Livingstone Mukasa Christmas season is here. And is time to relax and spend some cash. Before you know it, the two weeks will be gone and time to report to work would be here. Because people overstretch and overspend and even incurr debts in this season, January is considered
Read MoreThe first drilling rig at the Kingfisher Project operated by CNOOC. President Museveni was supposed to Commission the rig on 20th December Following the Final Investment Decision, the commencement of field development, and the arrival of the rigs, there is hope that Tilenga and Kingfisher Developments in the Albertine will
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