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URA to prosecute invoice-defaulting traders

Trucks carrying goods

The Uganda Revenue Authority (URA) Commissioner General Doris Akol, has urged the business community to use receipts or invoices in their transactions, saying that those who fail to adhere to the guideline will be punished or prosecuted in courts of law.

“Any person who fails to issue a receipt/invoice that meets the minimum set standard may face penalties…or prosecution as provided for under the law,” Akol warns the public.

She says that goods transported on road without proper documentation (receipt, invoice and import documents) will be considered not to have paid taxes and will be seized, ‘in accordance with Section 35 of the Tax Procedure Code 2014’.

According to Akol, a receipt/ invoice is a document issued by a seller to a buyer as evidence of a business transaction. “Generally, a proper receipt/invoice should be duplicate, with original kept with the buyer and the duplicate copy by the seller,” she says.

In a public notice released Tuesday, Akol reminds the business community and the general public that Section 15 (1) of the Tax Procedure Code (TPC) requires every taxpayer to maintain records for a period of five years to enable his/her liability to be readily ascertained.

However, according to Akol, Section 22(2) (m) as amended, prohibits deductions on expenditure above Shs5m in one single transaction on goods and services from a supplier who does not have a Taxpayer Identification Number (TIN).

She says a proper receipt has nine features that include; words ‘receipt’ or ‘invoice’, name, address  and TIN of seller, business name and address of recipient, serial number of the invoice, the volume of goods or services supplied, the selling price per unit and total value among others.

The Commissioner General highlights some of the benefits of issuance of receipts/invoices as fair competition, reduced cost of compliance, better services, improved planning, control and decision making for taxpayers and access to business opportunities.

Analysts say URA’s warning on receipts/invoices is one way of ensuring that taxpayers meet their obligations instead of trying to evade taxes. In the financial year 2017/18 URA is expected to collect taxes worth over Shs15 trillion and so far officials at the Authority say just about 40 percent has been collected, almost three months to the end of the financial year.

 

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Equity Bank, UNCDF in financial inclusion drive to benefit refugees

Officials of Equity Bank Uganda and UNCDF showcase the product list

Equity Bank Uganda Limited (EBUL) and the United Nations Capital Development Fund (UNCDF) have signed a partnership agreement to enable secure electronic cash transfer to refugees.

The automated machine for carrying out transactions

Dubbed the ‘Mobile Money for the Poor’ (MM4P), the transactions will drive financial inclusion for the refugees, using their biometric cards.

Officials of Equity Bank and UNCDF at the showcase at Serena Hotel

‘Equity Bank is the first to go to market with this innovative solution in Uganda delivering last mile distributions and enabling a transition from humanitarian response to development,’ Equity Bank Uganda indicated at the applicability showcase held at the Serena Hotel today.

‘Equity Bank is giving refugees the tools they need to increase their resilience and the development partners’ efficient and transparent solutions for cash transfers. This system will be scaled using the agency banking model, currently launched with support from UNCDF,’ the release adds.

Meanwhile, EBUL sister bank, the Equity Bank in Kenya is currently running a program called the ‘National Hunger Safety Net program with 420,000 beneficiaries with total funds disbursed at 4.79 billion Kenya shillings, partnering with among other organisations the UN, World Bank, UNCDF and Financial Sector Deepening.

 

 

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I prayed for Kayihura’s sacking – Kirumira

FLASHBACK: Muhammad-Kirumira-arrives-for-trial.

Controversial former Buyende District Police Commander Assistant Superintendent of Police (ASP) Muhammad Kirumira has said he prayed for six hours every day for the sacking of the former Inspector General of Police (IGP) General Kale Kayihura.

Gen. Kayihura was fired on Sunday evening, and replaced by his former deputy, Martin Okoth Ochola in a reshuffle announced by President Yoweri Museveni that also saw security minister Lt. Gen. Henry Tumukunde replaced by General Elly Tumwine.

And yesterday, the police officer who has often accused Kayihura of witch-hunting him, said he was elated, and as if to boost his eccentricity, the Police Tribunal has today dropped theft charges levelled against Kirumira for lack of substantial evidence.

Appearing before tribunal this morning, Police Prosecutor Catherine Kusemererwa was granted leave to drop the charges of stealing a ‘Rolex’ (wheat bread egg roll) leveled against Kirumira after the complainant, crime preventer and hawker Ibrahim Bukenya, failed to appear before court.

Last week, Bukenya shed tears during a tribunal session and accused Kirumira of stealing the Rolex at the time when he served as Officer in Charge (OC) of Nansana.

On February 1 Kirumira was arrested from his home in Ggogonya, Bulenga, Wakiso District following his announcement on television that he was to ‘resign’ from the police force. He was subsequently charged with various crimes including among others torture, extortion, corruption, bribery, unlawful arrests and excessive use of authority.

But court dropped the torture, neglect of duty and corruption charges, maintaining the others.

 

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Cabinet endorses amendments to NSSF Act

Chris Baryomunsi Minister ICT and National Guidance.

The Cabinet has approved proposals to amend the National Social Security Fund (NSSF) Act that will see those employed in the formal and informal sectors save with the Fund.

The amendment was drafted by the Minister of State for Housing Dr. Chris Baryomunsi, who avers that the amendment will provide the basic social guaranteed benefits and create an environment in which NSSF investment decisions can be made efficiently.

“In case it is amended, it will provide an opportunity of transforming the Fund from a Provident Fund offering lump sum benefits to a hybrid scheme offering both lump sum and pensions,” Dr. Baryomunsi was quoted as saying during a cabinet meeting held at State House.

During the same meeting Dr. Baryomunsi was also tasked to prepare for the tabling of the Roads (Amendment) Bill, 2017 before Parliament.

He said the bill is aimed at reforming the law relating to the development, management and maintenance of public roads and providing for classification of roads and, control and protection of road reserves.

“When passed into law, it (Act) will provide for road safety, offenses and penalties, among others,” Dr. Baryomunsi said, further noting that once road Bill is enacted, the Roads Act will be repealed.

 

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Aga Khan names price for Nation takeover

DEAL? HH the Aga Khan with Kenyan President Uhuru Kenyatta

It is now emerging that His Highness the Aga Khan is willing to sell shares worth Ksh 4.5 billion for his 44.7per cent stake in the Nation Media Group (NMG), which President Uhuru Kenyatta’s family is eyeing.

Based on the Nation’s current price of Sh102, Aga Khan’s 84, 198, 343 shares are valued at Ksh8.5 billion, which could mean NMG’s principal shareholder may not sell out entirely but share off just half of what he owns in the leading media house.

The Ksh4.5 billion is likely to amount to about 22 per cent of the NMG stake, which then gives Nation Media Group a market capitalisation of about Ksh 18 billion. According to sources familiar with initial negotiations between the two parties, the Aga Khan is determined to sell his shareholding for a premium price on account of, among others, NMG’s clean balance sheet.

“He argues Nation is a top performer in the media and has no loan on its books hence he will not dispose his shares for anything less than Ksh4.5 billion,” a source intimated to Business Today.

As previously reported, the Kenyatta family and other tycoons from Central Kenya are planning to sell their stake in Mediamax Network Ltd – the company that owns K24 TV, Kameme TV, People Daily and a host of radio stations – and are instead interested in buying into NMG.

Deputy President William Ruto, who already has shares in Mediamax, is set to increase his investment by buying a controlling stake in the company, which would see him take charge of K24 and People Daily in addition to the Kalenjin language-broadcasting Emo FM. Plans are also afoot to set up a Kalenjin TV station by a similar name.

A share of NMG was selling at Ksh 104 at Friday’s trading on the Nairobi Securities Exchange (NSE). It has dropped from a high of Ksh125 in the last one year.

The investors, who are said to include Equity Bank CEO James Mwangi, are expected to conclude discussions on the sale when the Aga Khan visits the country this month.

Initially, they had set their eyes on the Standard Group, whose main shareholders are former President Moi’s family and businessman Joshua Kulei, but the plan came to bits after Baringo Senator Gideon Moi put the asking price at Ksh 3.5 billion.

There was a hefty bank loan that had not been declared. The money was used to offset the 2016 staff rationalisation programme and then, there was a long list of litigation cases filed by employees who thought they had been let off wrongly,” one source told Business Today.

NMG is East Africa’s largest media house and its brands include Daily Nation, Sunday Nation, Business Daily, The Daily Monitor, Taifa Leo and The East African. The Broadcasting segment comprises of NTV, NTV Uganda and KFM.

NMG also owns Mwananchi Communications Limited Tanzania, which publishes Kiswahili papers Mwananchi daily and Mwana Spoti, a weekly all-sports newspaper and an English daily The Citizen. The Nation Carriers Division distributes its products around the country. 

In 2016, the Aga Khan commissioned a new press that has accrued some benefits like Richer menu of exclusive print advertising formats for diverse advertising targets 80 pages, all with 4 colors that is efficient and cost effective.

The Colorman e:line (4-1 series) printing press manufactured by Manroland Web Systems in Germany has the ability to churn out up to 86,000 copies per hour. It is the fastest newspaper press in its class, offering best print quality and best-in-class automation.

 

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Senior Police Commanders reshuffled

The list

Several Police commanders have been reshuffled just two days after President Yoweri Museveni announced that Okoth Ochola is the new Inspector General of Police (IGP) replacing Kale Kayihura.

The new changes were announced by Assistant Inspector General of Police (AIGP) Moses Balimwoyo, has seen 88 officers transferred to different parts of the country. Most of the officers have been appointed District Police Commanders (DPCs).

Notable among those transferred is Patrick Onyango, who bounces back as Kampala Metropolitan Police (KMP) spokesperson; Geoffrey Kaheebwa, and Godfrey Ninsiima, the former DPC of Entebbe.‘

The transfers are normal and take immediate effect and are aimed at enhancing service delivery to the people of Uganda,’ the police release announcing the transfers, indicates.

Below is the full list of the transferred Police officers:

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New BoU Bank Supervision boss begins work

BoU Governor Emmanuel Tumusiime Mutebile

Tumubweine Twinomanzi, the new Executive Director at Bank of Uganda, has reported for duty despite refusal by his predecessor to relinquish office.

Dr Twinomanzi reported for duty yesterday and was introduced to top management during a 10am meeting convened by the BoU Governor, Professor Emmanuel Tumusiime Mutebile.

After the meeting, Dr. Twinomanzi was taken to the office that was used by the former Deputy Director for Supervision Benedict Sekabira.

“It is true the new EDS reported for work and is around although he is sitting in a different office because madam (Justine Bagyenda) is still occupying the other office meant for him,” a source told Eagle Online.

Accordingly, instruments of power were removed from Bagyenda and handed over to Twinomanzi leaving the former powerless.

This website understands that among the entitlements withdrawn from Bagyenda are stamps, official documents and that she is also under instructions not to transact any business on behalf of BoU.

Earlier, Bagyenda had returned from annual leave and insisted that she wasn’t quitting her office since her contracts ends in June this year.

Meanwhile, Bagyenda is also reportedly under investigations by the Inspectorate of Government, regarding her alleged wealth.

Recent leaked bank documents reveal that Bagyenda holds billions in different banks plus posh buildings and upscale plots of land around Kampala and elsewhere in the country.

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DStv Kampala Kids Run contributes towards school sanitation in Eastern Uganda

School children from beneficiary schools with Kids Run officials

The DStv Kampala Kids Run stakeholders have selected Namusita Primary School, Ekanba Primary School and Kakoge Primary School in Buyende District, Eastern Uganda, as beneficiaries of clean water systems to improve sanitation.

About Shs20 million was collected from the run which attracted over 4,000 children between 4 -14 years from over 20 schools in Kampala and Entebbe Districts. Free tickets were given to UPE schools to support their participation in the run.

During the handover ceremony held at Kakoge Primary School, Phoebe Nakabazzi, the DStv Marketing Manager, said the money collected will help provide clean water to the beneficiary schools.

“The DStv Kampala Kids Run management is grateful for all the children that participated and most importantly the parents that allowed their children participate in the run.  Your immense generosity has enabled us provide safe clean water to selected schools. Through this initiative, we believe more children will be guarded from contracting water borne diseases. Today marks the accomplishment of the 2017 DStv Kampala Kids’ run pledge and we are pleased that we have fully delivered,” Ms. Nakabazzi said.

She added: “DStv took on this initiative because it speaks into sports as a cornerstone for the brand. Our goal is to encourage the young generation to engage more into different sports as they strive to make a difference in society.  We also believe that sports is key to national development that is why we hold it with high regard and endeavour to support initiatives such as this.”

The DStv Kampala Kids Run comprised of two races – 1.5 kilometres and 3 kilometres. All the runners, regardless of their rank in the race, were rewarded with certificates of participation while the top 10 won themselves medals courtesy of DStv Uganda. Further, DStv Uganda rewarded the winners for the 1.5 and 3 kms races with HD Explora decoders.

Mr Robert Ziribasanga, LCV Chairman who officiated at the handover event, congratulated the children that participated in the run.

“It is inspiring to see young children come together for a great cause to support each other. We should therefore prioritise children’s wellbeing as we seek to support and encourage their skills. The contribution of water tanks couldn’t have come at a better time since the country has been experiencing a long draught season and as such access to water in less privileged schools is a challenge. Initiatives as the DStv Kampala Kids run present an opportunity not only instilling goodwill among children at an early stage but also saving our communities from disasters. Our hope is that the event continues to grow bigger and confirm government support in forthcoming events,” Mr. Ziribasanga said.

Muslin Kiwanuka, the CEO of the Kampala Kids run said: “These children have been challenged moving miles and miles to access water to their schools and spending less time in the classroom. We are glad that today we have reduced this burden for them and now they can concentrate on their studies. We are immensely grateful to our sponsors especially DStv for coming on board with us on the Kids Run.

Mr. Kiwanuka added: “They have demonstrated that they have a shared vision of making a positive impact on the lives of our future generation. The objective of this run is to train our young ones to have a giving heart and to look out for the disadvantaged. We look forward to strengthening future Kids Run editions alongside partners like them.”

The DStv Kampala Kids run event is slated to be an annual event, and some of the schools that participated in this year’s run included Namirembe Parents, Sir Apollo Kaggwa, Kabojja Junior, City Parents, Kampala Parents, Silver Spoon, Lohana Academy, Entebbe Junior and Greenhill Academy.

 

 

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Bryan White’s murder trial stalls due to missing file

Brian Kirumira aka Bryan White

The trial of a murder case against city socialite Brian Kirumira aka Brian White has for the second time failed to kick off, after the failure to trace the police file.

When the case came up for hearing Monday, the state prosecutor Happiness Ainebyona informed court presided over by Makindye Court chief magistrate Elias Kakooza was informed that the Investigating officer had taken Brian White’s police file for purposes of settling the matter out of court and had not yet returned it.

Without the file, she is unable to know the developments on the settlement, she told court.

She thus asked court for more time to ‘consult with the DPP’ on whether to discontinue the case. The case has been adjourned to April 9, 2018.

Brian White and his ‘body guard’ Corporal Thomas Okoth attached to the police’s Crime Intelligence Headquarters, are accused of having shot Victor Bitwire on the night of December 13, 2018 at Brian White’s residence in Buziga, Munyonyo.

 

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Don’t get excited over sackings, FDC tells Ugandans

FDC President Patrick Amuriat Obol flanked by his Vice President for Eastern region Salaam Musumba at the press briefing today

Forum for Democratic Change (FDC) has warned Ugandans against getting excited over yesterday’s sacking of the Inspector General of Police General Kale Kayihura and the Minister for Security Lt. Gen. Henry Tumukunde.

Yesterday, President Yoweri Museveni made changes in the security docket, appointing  General Elly Tumwiine as the Minister for Security, Mr. Okoth Ochola as the Inspector-General of Police and Brigadier Sabiiti Muzei as the Deputy Inspector General of Police.

But at a press briefing held at FDC headquarters, FDC President Patrick Amuriat Obol said ‘nothing has changed’. “Police is rotten, we can only unpack, break and reorganize security system to overcome mysterious killing of Ugandans,” Amuriat said.

He also urged the newly appointed IGP and the Minister for Security to work for a common good for Ugandans, “unlike the former IGP who has been working in favor of president Museveni who has discarded him after realizing that he has been a liability.”

Amuriat added: “I hope this time multiparty politics will be given a chance to thrive, Kayihura has always worked hard to suppress president Museveni’s opponents; he introduced colored teargas and water to suppress opposition parties.”

Meanwhile, the FDC Vice President for Eastern Uganda Salaam Musumba has said that Gen Kayihura “is smeared with blood of people who died during his tenure, he therefore has a debt to pay.”

She added: “We heard of intent, where the former IGP might be sued in the International Criminal Court (ICC) over crimes committed against humanity during his term in office.”

Further, according to Musumba, new Security Minister Gen Elly Tumwine has ‘nothing to offer’.

“He only stopped at the first bullet he fired in early eighties,” she said.

According to Ms. Musumba, new IGP Okoth Ochola “is a desk man” and “Sabiti is the real IGP.”

 

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