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Uganda Revenue Authority Profile picture
@URAuganda
Oct 4, 2021 • 5 tweets • 5 min read • Read on X
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Uganda has been consistently attracting the highest foreign direct investment (FDI) in East Africa by attracting between $250 – 300 million in FDI annually between 2010 and 2016 largely due to its stable and consistent macro-economic policies. #DubaiExpo2020
1/5
Other reasons for Uganda's consistence in attracting the highest foreign direct investment (FDI) in East Africa include the liberalized business environment, proximity as a logistics hub within the Great Lakes region and increased regional trade. #DubaiExpo2020
2/5
Most foreign direct investment (FDI) into Uganda has been directed towards telecommunications, real estate, banking, insurance, petroleum sector, energy, mining and agro-export sectors. #DubaiExpo2020
3/5
Uganda has a friendly investment policy framework aimed at attracting investments in the various aforementioned sectors. One of these policies is the provision of tax incentives to investors. #DubaiExpo2020 #VisitUganda
4/5
@GovUganda continues to promote foreign investment through the Uganda Investment Authority, the Presidential Investors Round Table & by minimizing macroeconomic policy shifts, which make doing business in Uganda more predictable than in neighboring countries.#DubaiExpo2020
5/5

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More from @URAuganda

Uganda Revenue Authority Profile picture
Jan 31, 2023
Coming to you live from Ssendaula Auditorium at the #URATower, the Commissioner General of URA - John R Musinguzi (@URA_CG) is unpacking the Half-Year Revenue Performance for the FY 2022/23.

In this thread are key highlights of his #URAPressBrief23 report.
@URA_CG @IBbossa @RytterM @SRKimbugwe @RWLumanyika @GCICUganda @UgandaMediaCent @davidbalinda14 @albertKatruGuma @JonahRuhima @anan_prisca "The target for July to December 2022 was UGX 11,764.83 billion representing 46.78% of the annual target. The net revenue collected was UGX 11,670.03 billion representing 46.40% of the annual target."

- @URA_CG
#URAPressBrief23
@URA_CG @IBbossa @RytterM @SRKimbugwe @RWLumanyika @GCICUganda @UgandaMediaCent @davidbalinda14 @albertKatruGuma @JonahRuhima @anan_prisca "Whereas there was a slight shortfall of UGX 94.80 billion, the general performance was 99.19%. This performance also shows a substantial growth in revenue of UGX 1,506.83 billion (14.83%) compared to the same period last Financial Year 2021/22"
-@URA_CG
#URAPressBrief23
Read 55 tweets
Uganda Revenue Authority Profile picture
Jan 30, 2023
#URAEnforcementAlert🌍
Intelligence gathering that targets consolidation centers is a tried & tested tactic for curtailing tax evaders, premised on that Busitema and Malaba Enforcement joined efforts to carry out a focused Op. targeting a consolidation centre at Sikuda, Busia!/1
As opposed to piecemeal interceptions,the saboteurs were led to believe that they could move their loot to the consolidation centre unabated,allowing them to move in bigger quantities. While at it intelligence was deployed to clandestinely monitor their moves waiting to strike./2
When the phone call from the deep throat source came through, the troops moved onto the target at once, secured all goods of interest.

Loads of garments were swiftly loaded onto a truck for transportation to the tactical base for further management./3

#URAEnforcementAlert
Read 4 tweets
Uganda Revenue Authority Profile picture
Oct 4, 2021
Quick Facts on TARRIF CLASSIFICATION OF GOODS.

A Tarrif is a system of duties imposed by the government upon goods imported/exported. A customs tariff therefore shows how much duty is payable on imported or exported goods.#Customs101

🔽bit.ly/TarrifClassifi…
𝙒𝙝𝙖𝙩 𝙞𝙨 𝘾𝙪𝙨𝙩𝙤𝙢𝙨 𝘾𝙡𝙖𝙨𝙨𝙞𝙛𝙞𝙘𝙖𝙩𝙞𝙤𝙣?
Customs Classification refers to a particular category in the Nomenclature in which a product is classified or categorized. #Customs101
The importance of using a common nomenclature (code-naming) to classify goods in international trade helps in;
a) Levying of Customs duties
b) Collection of statistics
c) Determining the origin of goods
d) Monitoring controlled goods
e) Enforcing trade barriers #Customs101
Read 5 tweets
Uganda Revenue Authority Profile picture
Apr 24, 2021
#URAweeklyFAQs

What you need to know about Customs Offences.

A Customs offence is any breach/attempted breach of the statutory/regulatory provisions which are provided for in the East African Community Customs Management Act (EACCMA). #Customs101 Image
Qn-1: Is any person allowed access to a warehouse?

Ans: No person is allowed access to a warehouse without proper authorization.

This is because goods in a warehouse have not paid taxes. Contravention of this law is an offence. #URAweeklyFAQs #Customs101
bit.ly/WareHousing Image
Qn-2: Is deficiency or surplus in cargo or stores an offence?

Yes, both Deficiency & Surplus in cargo are an offence.

Deficiency in cargo is when the goods are reported on arrival as remaining on board and upon inspection, the goods are not on board. #URAweeklyFAQs
#Customs101 Image
Read 9 tweets
Uganda Revenue Authority Profile picture
Sep 15, 2020
URA WINS LEGAL BATTLE TO TAX TERMINAL BENEFITS.

#TaxJudgementsUg*1

In 2009, Siraje Hassan Kajura filed a suit that turned out to be a game changer in tax administration, as the Ugandan public had for long held divided views on whether or not retrenchment packages or...
#TaxJudgementsUg*2

...terminal benefits are taxable. The subject drew URA and Mr. Kajura and 160 other former employees of the defunct Dairy Corporation Ltd in a legal duel, after their retrenchment in August 2006....
#TaxJudgementsUg*3

...The Privatization Unit of @mofpedU (Ministry of Finance Planning and Economic Development) had subjected the retrenchment packages of these senior citizens to Pay As You Earn, and remitted to URA tax of Ugx. 1,130,778314.
Read 15 tweets
Uganda Revenue Authority Profile picture
Jan 31, 2019
#AntiSmugglingAlert

⭕ 3 containers of elephant tusks & Pangolin scales

⭕ 2 Vietnamese Nationals (suspects) arrested

⭕ Meticulous concealment

⭕ The magical mobile non-intrusive cargo inspection scanner.

This one is a must read THREAD

@Kateshd
@URA_CG
Elephants are one of the most poached mammals the world over for their tusks but Pangolins (Olugave) are covetted even more for their scales.

Poaching rackets are existent allover Africa but the magical mobile Non-Intrusive Scanner has blown the cover of one.

@Kateshd
The mobile Non-Intrusive Inspection scanner confirmed something unusual tucked away in a trio of 20 ft containers which crossed from South Sudan into Uganda carrying logs of timber.  Timber was the declared item in transit but the scanner seemed to disagree.

@Kateshd
Read 11 tweets

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