Government through the Minister of State for Finance, Henry Musasizi (pictured), has defended the increase of tax on fuel products from Shs1,450 to Shs1,550, saying Uganda’s economy has recovered from the COVID-19 pandemic and the increase is part of Parliament’s earlier recommendation to have tax on fuel products increased every two years. The
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URA Commissioner General, John R. Musinguzi Uganda Revenue Authority (URA) has explained why the Electronic Fiscal Reporting and Invoicing Solution (EFRIS) benefits both businesses and the Government. “It is important to note that EFRIS is not an additional tax but a mechanism for real-time monitoring of business transactions, aimed to enhance
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BoU Deputy Governor, Michael Atingi-Ego (Centre) addressing the press/file photo The Bank of Uganda (BoU) has increased the Central Bank Rate (CBR), a benchmark lending rate for commercial banks, to 10.25%, up from 10%. On March 6, 2024, BoU held a Special Monetary Policy Committee meeting where the CBR was
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A group photo of the traders and UNCC members Local Ugandan Investors, represented by the Uganda National Chamber of Commerce and Industry (UNCCI), are urging the government to treat them on par with their foreign counterparts and to curb the detrimental behaviors exhibited by politically affiliated business entities aligned with
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URA Commissioner General, John Musinguzi (Centre) addresses the media as officials from PSFU and representatives of traders look on Uganda Revenue Authority (URA) has revealed plans to open an operational office in the Kikuubo business area in the near future. This collaborative initiative with the Private Sector Foundation Uganda (PSFU) is aimed
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CEO, dfcu CEO Chales Mudiwa (2nd left) with some of his guests on Friday evening at Serena Hotel in Kampala. Globally, the Holy month of Ramadan brings communities together in reflection, unity, and prayer. As this year’s month of fasting and prayer for the Muslim community comes to an end,
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Doreen Nyiramugisha (HFB Head of Marketing and Communications) and Micheal Opira (HFB COO) handing over the range of assorted items to His Eminence Sheikh Shaban Mubaje as part of the Bank’s corporate social responsibility efforts to the Muslim community during Ramadan. As the holy month of Ramadan comes to a
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Financial experts making submissions during the Risk Assessment Forum Ugandan private sector firms have registered a deterioration in business conditions during March, thereby ending a 16-month upward improvement sequence in the health of the private sector. The overall decline was driven by renewed contractions in output and new orders, as
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URA Commissioner General, John R. Musinguzi The Uganda Revenue Authority (URA) Commissioner General, John R. Musinguzi, has revealed that the tax body is doing everything possible not only to collect tax revenue, but also facilitate trade and businesses. "We agree that whereas we collect taxes, we are also here to facilitate trade and
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Amb. Nusura Tiperu making her remarks The Government of Uganda is considering exporting a quarter of its coffee to Turkey and use the same route to access bigger markets such as Russia and the United States among others. Uganda's Ambassador to Turkey, Nusurah Tiperu, last Thursday met with players along the coffee value
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