• No_Ads
Business
54 trucks cleared under new tax systemPublish Date: Dec 29, 2013
54 trucks cleared under new tax system
  • mail
  • img
newvision

By Samuel Sanya

The tax systems of Uganda, Rwanda, and Kenya have finally been linked to allow for remote declaration of tax returns, faster clearance, and better tax compliance in the East African region.


A three month pilot was successfully completed, before the launch of the new system in October in Urugwiro village in Kigali, Rwanda. Some 54 fuel trucks have been cleared under the system.

The tax system is part of efforts to operationalise the East African Community (EAC) single customs territory.

It is now possible for clearing agents in Uganda to handle cargo from Mombasa in Kenya to Kampala. The new system will reduce business costs by an estimated $45m annually.

Hitherto, Uganda clearing agents could only handle cargo from Malaba, the border point between Kenya and Uganda.

The statements, comments, or opinions expressed through the use of New Vision Online are those of their respective authors, who are solely responsible for them, and do not necessarily represent the views held by the staff and management of New Vision Online.

New Vision Online reserves the right to moderate, publish or delete a post without warning or consultation with the author.Find out why we moderate comments. For any questions please contact digital@newvision.co.ug

  • mail
  • img
blog comments powered by Disqus
Also In This Section
Sponsors visit nominees for best farmers award
With the use of simple innovations, one can practise farming in the smallest of spaces. This was the general consensus after the sponsors of the national best farmer’s competition visited two of the farmers in the contest....
Tobacco industry cautions on new legislation
The tobacco industry leaders in Uganda have expressed concern about the new legislation to regulate the industry saying it might suffocate tobacco farming and investments in the country....
MPs want more money for research and innovation
The Uganda Industrial Research Institute (UIRI) boss Prof. Charles Kwesiga has appealed to the executive and parliament to allocate his agency a one off additional sh28b to enable it execute its mandate of catalyzing industrialization, value addition and entrepreneurship in the country....
Apple splitting stock as iPhone sales soar
Apple shares jumped more than seven percent in after-market trade following the release of January-March earnings figures....
Karuma dam facing shortage of skilled manpower
The contractor of the long-awaited Karuma hydropower dam has said the project is lacking electricians and skilled manpower to operate machines....
UTODA, consultant in sh157m row
A row has erupted between Uganda Taxi Operators and Drivers Association (UTODA) and a consultant who is demanding sh157m as unpaid fees....
WIll the national ID registration process be completed in the scheduled 4 months timeframe?
Yes
No
Can't Say
follow us
subscribe to our news letter