NAIROBI, Kenya | Xinhua | Protests continued in Kenya on Thursday, albeit on a smaller scale, despite President William Ruto’s decision to drop tax hike proposals and his promise to institute austerity measures. Hundreds of people took to the streets of various towns across Kenya, though their numbers were notably …
Read More »Trump’s executive order on payroll tax deferral “unworkable”: business groups
Washington, US | XINHUA | More than 30 major U.S. business groups said on Tuesday that they’re unlikely to implement President Donald Trump’s recent executive order (EO) on payroll tax deferral as it would prove “unworkable” and impose a large tax bill on American families next year. “Under current law, …
Read More »Taxpayers given 14 days to rectify fictitious returns
Kampala, Uganda | THE INDEPENDENT | Uganda Revenue Authority has announced a 14-day grace period for companies and individuals who have submitted fictitious returns to come forward and rectify or they are prosecuted. The grace period runs from November 14, 2019, to December 3, 2019. This comes after URA noticed …
Read More »URA rejects claims for tax deductions on expenditure on land leases
Kampala, Uganda | THE INDEPENDENT | Uganda Revenue Authority-URA has rejected claims from several companies and individuals that the money they spent on leasing land and rent payable on the same be counted as revenue expense to be deducted from their tax bill. Several companies filed their annual tax returns by …
Read More »Lukwago loses Ugx 47 million taxation appeal against Musisi
Kampala, Uganda | THE INDEPENDENT | Kampala Lord Mayor Erias Lukwago has lost an appeal challenging a tax bill of 47 million Shillings filed by former Executive Director of Kampala Capital City Authority Jennifer Musisi Ssemakula. The taxation appeal stems from an application filed by Lukwago in 2012 accusing the …
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