COMMENTS | Oscord Mark Otile | The recent remarks made by the Permanent Secretary and Secretary to the Treasury, suggesting that Uganda’s tax burden is among the lowest in the region, merits a critical examination. While the statement may hold some statistical truth, it does not accurately reflect the lived realities of …
Read More »PAC orders CAO, human resource officer to recover UGX 5M
Mbarara, Uganda | THE INDEPENDENT | Members of Parliament on the Public Accounts Committee-Local Government have accused the Mbarara District Chief Administrative Officer, Edward Kasagara and the Principal Human resource officer Allan Kagaba of causing financial loss. The two are accused of failing to deduct more than five million shillings of …
Read More »URA misses 2020/21 revenue target by Shs2.4trillion
The taxman is optimistic about future performance Kampala, Uganda | JULIUS BUSINGE | The Commissioner General for Uganda Revenue Authority, John Rujoki Musinguzi, has an uphill task of collecting taxes from businesses and individuals that continue to face the COVID-19 pandemic hit. His supervisors at the Ministry of Finance …
Read More »Tax incentives induced by COVID-19 may be futile -NGOs
Kampala, Uganda | THE INDEPENDENT | The business community might have to forget the tax incentives that the government offered them to mitigate the effects of the COVID-19 pandemic on their businesses, as there is no necessary legislation to enable their enforcement. The 2020/2021 budget was delivered under the theme: …
Read More »No tax relief for retrenched workers
URA’s legal win means benefits will be subjected to PAYE Kampala, Uganda | JULIUS BUSINGE | It is now official that workers who will be paid benefits as a result of retrenchment will be subjected to Pay as You Earn tax – which is 30% of the total earnings. This …
Read More »Lira University secretary liable for not remitting taxes
Kampala, Uganda | THE INDEPENDENT | Members of Parliament on the Public Accounts Committee have resolved to hold the University Secretary of Lira University liable for failure to remit over shillings 30 million in taxes. Augustine Oyang-Atubo–accounting officer on Tuesday appeared before the committee with a team of officials from the …
Read More »MUSEVENI: Defer Pay-As-You-Earn for most affected sectors
Finance Ministry measures ➡ Delay payment of Corporation tax for Corporations & SME’s ➡ Defer payment of PAYE by sectors affected ➡ Capitalization of UDC ( 100bn) ➡Capitalization of UDB ( 1 trillion) ➡Funds for Emyooga (Boda bodas,Saloon operators,Artists) Kampala, Uganda | THE INDEPENDENT | The Ministry of …
Read More »Finance officials grilled over 6.4bn unpaid PAYE
Kampala, Uganda | THE INDEPENDENT | Officials from the Privatization Unit on Thursday failed to prove to parliament’s Public Accounts Committee (PAC) over the non-payment of salary-related taxes to a tune of 6.4 billion Shillings. Led by Finance Ministry Under-Secretary Betty Kasimbazi, the officials and others appeared before the committee …
Read More »Oil and gas development to boost hotel industry
Jean – Philippe Bittencourt, is the general manager for Sheraton Kampala Hotel. He spoke to The Independent’s Julius Businge on the prospects of Uganda’s hotel industry. How would you describe the 50 years journey of Sheraton Kampala Hotel? It is a landmark in our lives and we will continue to …
Read More »Uganda’s rich who dodge taxes
Report exposes rich professionals, government officials not paying income tax. URA now plans to tax better, not more. Do you often transfer large sums of money in banks, drive a posh car, live in a palace, buy land often, travel abroad often and travel either business or First Class? Are …
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