Tag Archives: Income Tax

Kampala, Uganda | THE INDEPENDENT | MTN Uganda’s income tax paid to the government increased to 48.1 billion Shillings in the first quarter of this year, as the network’s subscriber base jumped to 17 million. In the same quarter (January to March) 2022, the company paid 43.2 billion Shillings, amidst …

Masaka, Uganda | THE INDEPENDENT | The Masaka Catholic Diocesan Bishop Severus Jjumba has challenged Parliament to rescind a decision of levying income tax on private not-for-profit health facilities. Bishop Jjumba is afraid that the levying of income tax is an additional financial burden that will negatively impact their operations and …

Kampala, Uganda | THE INDEPENDENT | Payment of taxes by institutions providing education, tourism and agricultural services will be halted until December 31, 2020. The decision is part of the new Tax Procedures Code Amendment Bill, which was passed this evening by the Parliament. Under the Bill, the government sought …

Kampala, Uganda | THE INDEPENDENT | The Kampala City Traders Association (KACITA) has asked government to waive income tax obligation from rent for the three months of lockdown to help the landlords also reduce pressure on the tenants. KACITA was today appearing before the National Economy committee of Parliament which …

Kampala, Uganda |  THE INDEPENDENT |  Ugandans and foreigners investing in factories to make tyres, shoes, mattresses, and toothpaste will be exempted from paying income tax retrospectively starting July 2019. This is contained in the income tax (amendment) bill 2020.  The amendment expands the list of businesses that enjoy this incentive …

Kampala, Uganda |  THE INDEPENDENT |  Parliament has rejected a proposal by the government to introduce a withholding tax on the purchase of land in the coming financial year 2020/2021.    Under the Income Tax (Amendment) Bill, 2020, the government had proposed a withholding tax on the purchase of land other than land which …

Kampala, Uganda |  THE INDEPENDENT |  Parliament has for the third consecutive year rejected a government proposal to tax businesses making losses in the coming financial year 2020/2021. This was during a debate on Thursday in which MPs approved the Income Tax (Amendment) Bill, 2020 in a plenary session chaired by …

Traders under their umbrella body Kampala City Traders Association (KACITA) have appealed to President Yoweri Museveni not to sign the Income Tax Bill that seeks to exempt Members of Parliament’s allowances from tax. Speaking at a press conference organized at the KACITA headquarters on Wednesday, Chairperson Everest Kayondo re-echoed the opinions of …

Parliament on Tuesday defied President Yoweri Museveni’s directive to have the Income Tax (Amendment) Bill, 2016 amended to allow MPs’ allowances to be taxed. “The Committee recommends that the Tax Bill be passed in its current form, and be sent back to the president for assent,” Henry Musasizi, the chairperson …

Attempts by Uganda’s parliamentarians to exempt themselves from tax has hit a snag after President Yoweri Museveni rejected the proposal. The President has now written to the Speaker of Parliament Hon. Rebecca Kadaga detailing his reasons for rejecting the Income Tax Bill. “I do not support the decision of Parliament …