Tag Archives: Julius Businge

Why government imposed 15% tax on betting winners but cut that of betting houses    Kampala, Uganda |Julius Businge| There is continued debate surrounding the recent move by government to impose 15% withholding tax on winnings from gambling and the reduction in income tax on betting houses by 15% to …

  Says revamping the economy will depend on government spending Kampala, Uganda | Julius Businge | The Central Bank has once again lowered its indicative lending rate, the Central Bank Rate, in a bid to push commercial bank rates down and spur private sector borrowing in the next three months. …

Recently, Uganda hosted members of the World Customs Organisation (WCO) hailing from 24 countries of East and Southern Africa (ESA) for a two-day 22nd governance council to discuss matters tax administration. The Independent’s Julius Businge jointly interviewed the organisers – WCO Secretary General Kunio Mikuriya and Uganda Revenue Authority Commissioner General …

A celebration of faith by people from all walks of life On June 3 every year, the usually slow paced Namugongo village on the edge of Kampala becomes a hubbub of activity as millions of pilgrims from all over the world converge on it to celebrate the Uganda Martyrs Day. …

Business leaders want economic reforms to boost the economy Planned government borrowing and increased taxes to fund the Shs29 trillion budget for financial year 2017/2018 have left investors and business leaders worried about the coming year, ahead of the budget announcement next week, an informal survey by The Independent has …

The taxman plans to increase sentisation to meet targets of the program Last financial year, Uganda Revenue Authority (URA) set an ambitious target to collect Shs420bn from small businesses across the country but preminary performance shows that it is likely  not to be as expected. Data from the URA shows …

Banks setting up company to wipe bad loans off their balance sheets After years of struggling to cope with borrowers failure to pay loans, Ugandan commercial banks have come together to form a joint company to deal with the problem on their behalf. Formation of the company currently called the …

Rachel Grimes is the President of International Federation of Accountants (IFAC), the global umbrella body for all accountants. The Independent’s Julius Businge spoke to her at the opening of the five day 4th Africa Congress of Accountants (ACOA) held in Kampala from May 2-5.   How important is this meeting to …

Pirelli tyres sales to grow 20% in the next six months City Tyres, a subsidiary of Mandela Group of Companies in Uganda, expects a 20% growth in sales for Pirelli tyres in the next six months on the back of the ongoing new Formula One (F1) campaign. Mandela Group of …

The International Monetary Fund (IMF) expects Uganda’s gross domestic product growth to record anywhere between 3.5%-4% in FY2016/17, lower than 5% that had earlier been projected. This was announced on Tuesday by Axel Schimmelpfennig, the head of IMF mission that visited Kampala, Uganda from May 2-15, 2017 to conduct the …