Kampala, Uganda | THE INDEPENDENT | Muwanga Kivumbi was unamused by the majority report, and noted that government could be losing well up to Shs8 trillion in tax exemptions, which he said makes no sense in light of budgeting constraints occasioned by pressures on the national resource envelope. “We have …
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Kampala, Uganda | THE INDEPENDENT | The Uganda Revenue Authority (URA) may lose Shs2.8 trillion to tax exemptions, credits and deferrals for the financial year 2022/2023. This was revealed by the URA Commissioner General, John Musinguzi while presenting the entity’s Budget Framework Paper for the financial year 2023/2024 on Tuesday, 10 January …
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Kampala, Uganda | THE INDEPENDENT | Legislators on the Public Accounts Committee (Central) have put officials from the Ministry of Finance, Planning and Economic Development to task on why tax exemptions do not cut across businesses. The MPs raised the matter in a meeting with the ministry officials led by the …
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Kampala, Uganda | THE INDEPENDENT | A civil Society group says government should not award tax exemptions considered “harmful” to the country’s economy. The Southern and Eastern Africa Trade Information and Negotiations Institute (SEATINI) says harmful tax exemptions cost the tax payer over 1.4 trillion shillings during the 2017/18 financial year. …
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Kampala, Uganda | THE INDEPENDENT | Starting July this year investors that set up facilities in Uganda’s industrial parks or free zones will enjoy enormous tax exemptions in move to encourage industrialization. This is according to details contained in the tax amendment bill 2019. Also, investors using agriculture raw materials and …
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The Independent Uganda: You get the Truth we Pay the Price