Kampala, Uganda | THE INDEPENDENT | The Speaker, Rebecca Kadaga says she will meet the chairpersons of the Gender and Finance Committees who have disagreed over the processing of the National Social Security Fund Amendment Bill, 2019. Kadaga told Parliament that she will meet both chairpersons in order to forge …
Read More »Finance, Gender committee members support mid-term access to NSSF savings
Kampala, Uganda | THE INDEPENDENT | More than half of the members of a joint committee that is scrutinizing the NSSF Amendment Bill have supported a provision that calls for midterm access to National Social Security Fund savings. The committee comprising legislators from the Finance and Gender committees, is currently reviewing …
Read More »MPs approve withholding tax exemption on agricultural supplies
Kampala, Uganda | THE INDEPENDENT | The Finance Committee of parliament has recommended the amendment of the Income Tax Act to exempt agricultural supplies from withholding tax. In its report to parliament, a copy of which URN has seen, the committee recommends the amendment of Section 118 of the Income tax …
Read More »Parliament exempts tax on educational materials
Kampala, Uganda | THE INDEPENDENT | Parliament has passed the Value Added (Amendment) Tax Bill, 2019 approving VAT exemption of imported mathematical and geometry sets used in schools. Members of Parliament in a plenary session chaired by Deputy Speaker Jacob Oulanyah approved the Finance Committee report recommendation slightly moving away from …
Read More »Parliament defers debate on proposal to write off UGX 499Bn tax arrears
Kampala, Uganda | THE INDEPENDENT | The Deputy Speaker of Parliament Jacob Oulanyah deferred debate on the Tax Procedures Code (Amendment) Bill, 2019 on Tuesday afternoon. Through the bill, government is seeking approval from parliament to write off tax arrears amounting to Shillings 499 billion. The Finance Ministry tabled the Bill …
Read More »Parliament maintains sh200 tax on non-alcoholic drinks
Kampala, Uganda | THE INDEPENDENT | Parliament has maintained a sh200 per litre tax on non-alcoholic drinks that government sought to reduce in the next financial year. In a plenary session chaired by Deputy Speaker Jacob Oulanyah, MPs on Tuesday afternoon approved parliament’s Finance Committee report on the Excise Duty …
Read More »MPs want amendment of Income Tax Act to exempt tax on agricultural supplies
Kampala, Uganda | THE INDEPENDENT | Members of Parliament sitting on Parliament’s Finance Committee are mooting an amendment of the Income Tax Act to have payments for agricultural supplies exempted. During a meeting with officials from the Uganda Revenue Authority (URA) led by Cyprian Chillanyana, the Assistant Commissioner Domestic Taxes and …
Read More »Proposal to exempt tax on aircraft insurance upsets MPs
Kampala, Uganda | THE INDEPENDENT | A move by government to exempt the supply of aircraft insurance amid efforts to revive the National Airline has upset Members of Parliament. The proposal to amend the Value Added Tax Act for this purpose was on Wednesday afternoon tabled before the Finance committee …
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