Kampala, Uganda | THE INDEPENDENT | An American company, RippleNami Inc has been contracted to help in the collection of rental tax in Uganda. The company will identify properties, their owners and link them to the URA tax identification number system according to the Ministry of Finance. In a statement, …
Read More »Gulu district yet to receive UGX 165m COVID-19 allocation
Gulu, Uganda | THE INDEPENDENT | Gulu district local government is yet to receive the 165 million Shillings COVID-19 funding money allocated to each district by the Ministry of Finance. The ministry released the money to districts in April to intensify the campaign against the COVID-19 pandemic. The funding was …
Read More »Finance Commitee approves UGX 10 Bn industrial research funding
Kampala, Uganda | THE INDEPENDENT | Parliament’s Budget Committee has resolved to approve a supplementary request totaling 10 billion Shillings for Uganda Industrial Research Institute (UIRI) pending an onsite visit at the entity’s Namanve premises on Friday. This was during an interface with Ministry of Finance officials led by the …
Read More »Presidential directive on NSSF supervision stirs disagreement in Parliament
Kampala, Uganda | THE INDEPENDENT | The joint committee that is scrutinizing the National Social Security Fund- NSSF Amendment Bill has failed to reach consensus on the government ministry which should supervise the Fund. The Bill seeks to among others, expand social security coverage and benefits through enforcing mandatory contributions for …
Read More »Coronavirus impact on Uganda’s economy started in February – Report
Kampala, Uganda | THE INDEPENDENT | Uganda’s economy started feeling the hit from the coronavirus (COVID-19) as early as February before the lockdown, a report has revealed. According to the Ministry of Finance, March 2020 performance of the economy report states by start of February, external demand for the country’s …
Read More »Finance Ministry accused of frustrating budget process
Kampala, Uganda | THE INDEPENDENT | The Speaker of Parliament has expressed disappointment with the conduct of the Ministry of Finance for failing to present the additional figures to the financial year 2020/2021 National Budget. Kadaga made the statement on Tuesday after she indicated that the Ministry needed space on the …
Read More »Wakiso petitions finance ministry over UGX165m for COVID-19 fight
Wakiso, Uganda | THE INDEPENDENT | Wakiso COVID-19 task force has protested the disbursement of 165 million shillings to districts for the fight against COVID. The district taskforce which held an emergency meeting at the district headquarters on Monday argues that the funds are inadequate. Matia Lwanga Bwanika, the LCV Chairperson, …
Read More »Finance Committee asks government to suspend new tax measures
Kampala, Uganda | THE INDEPENDENT | The Ministry of Finance has been tasked to consider suspending all new tax measures for the coming financial year 2020/2021 to help Ugandans cope with the effects of coronavirus pandemic. The request was made by the Finance Committee of Parliament during an interface with Minister …
Read More »Gov’t to prioritize salaries, security- Ministry of Finance
Kampala, Uganda | THE INDEPENDENT | Government has classified wages and salaries of civil servants, Ministry of Health spending and security as priority spending in the foreseeable future until the country can contain the COVID-19 scourge. Secretary to the Treasury Keith Muhakanizi said in a statement to all accounting …
Read More »Do not defraud tax payers over students in China
Kampala, Uganda | THE INDEPENDENT | Legislators have warned government to resist the temptation of using the plight of Ugandan students quarantined in Wuhan, China over coronavirus, to defraud tax payers. The concern was raised by Ayivu County MP, Bernard Atiku, who claimed that the Ministry of Finance had sent …
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