Tag Archives: PWC

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  | Uganda has been ranked ahead of Tanzania and Kenya in the ease with which individuals and investors can file and pay their taxes. According to the Paying Taxes 2020 report by audit firm PricewaterhouseCoopers (PWC) and the World Bank, Uganda is at position 92nd out …

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 …

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 …

Kampala, Uganda | THE INDEPENDENT | The Committee on Commissions Statutory Authorities and State Enterprises (COSASE) has summoned auditors of Price Water Coopers (PWC) to explain how they came up with 239 billion shillings under capitalization of Crane Bank Limited. Price Water Coopers auditors were hired by Bank of Uganda to …

Africa’s insurance industry is facing more disruption than any other industry, posing challenges for some while opening up business opportunities for others JOHANNESBURG, South Africa, | ISAAC KHISA | The opportunities for growth in Africa’s insurance industry are huge despite recent economic and political uncertainty. The insurance industry has done …

Experts commend move to protect bankrupt telco’s assets but say it needs a business plan that works Business at Uganda’s oldest and troubled telecom company, Utl, took another twist when the government on April 28 announced it has finally put it under provisional administration. The government, which recently took over …

  THE LAST WORD: By Andrew M. Mwenda How our overblown expectations of what oil is going to do for our country are likely to cause trouble I had always thought about the “oil curse” in terms of the “Dutch Disease” and the adverse incentives it creates that foster corruption …

COMMENT BY: Badru Walusansa Facilitate transition from education the world of work by passing on work skills and industry competencies Graduate unemployment in Uganda is stale news. Graduate unemployment figures have significantly soared for the last decade leaving no sign of scaling down. Every year, both public and private universities …

By Julius Businge A recent report released by the World Bank, IFC, and PwC finds that governments continue to reform their tax systems despite global economic uncertainty, with 31 economies having taken steps from June last year through May 2012 to make it easier and cost less for small and …