In spite of the tight security at the different borders, smugglers are growing new tactics to beat customs personnel at every checkpoint.

By Florence Namuganza

URA in partnership with the Insurance Regulatory Authority (IRA) announced in May 2022, that all cargo imported into Uganda by sea, air, rail, road or registered post must be insured by local insurance companies.

BY IMMACULATE WANYENZE

John Bbale, a 37-year-old renowned “business man” in Luweero may not be your ordinary Ugandan because he has mastered the “get-rich-quick” strategy through smuggling.

The UK has struck a deal with the US to remove tariffs on British steel exports, although trade experts warned a broader trade deal between the two countries remains far off.

The UK has drastically increased the volume of natural gas being pumped to the EU amid Russia’s war in Ukraine, powering a record monthly rise in goods exports to the continent despite Brexit.

Uganda Revenue Authority (URA) will start collecting Value Added Tax (VAT) from non-resident electronic services provider companies operating in the Ugandan economy, effective July 1, 2022.

Despite the outbreak of the COVID 19 pandemic and other global crises that affected the economy, the Ugandan taxpayer has not blurred their ambition to contribute their fair share of revenue.

The advancement of technology and internet have transformed the way businesses operate, and ushered new trends in transactions.

URA in partnership with the Insurance Regulatory Authority (IRA) announced in May 2022, that all cargo imported into Uganda by sea, air, rail, road or registered post must be insured by local insurance companies.