Tag Archives: tax incentives

Kampala, Uganda | THE INDEPENDENT | The Ugandan taxpayer is losing close to 3 trillion Shillings a year in revenue foregone due to the tax expenditures benefiting different kinds of persons. Over the past five financial years, the value of revenue foregone has grown nominally, from 2.079 trillion in 2018/2019 to …

NAIROBI, KENYA | Xinhua | Kenya said Wednesday it has commenced rolling out tax incentives for foreign investors who set up establishments worth more than 10 billion shillings (about 65.5 million U.S. dollars). Abubakar Hassan, the principal secretary in the Ministry of Investments, Trade and Industry, told a trade forum …

Kampala, Uganda | THE INDEPENDENT | The Secretary to Treasury, Ramathan Ggoobi, has told MPs that the Ministry of Finance is in the process of streamlining tax incentives to ensure their effective implementation. Ggoobi was on Thursday appearing before Parliament’s Finance Committee together with the Minister of State for Planning, Amos …

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: …

Kampala, Uganda | THE INDEPENDENT | Investors seeking to enjoy tax incentives will have to meet tighter requirements, MPs have resolved. During consideration of the Stamp Duty (Amendment) Bill 2020, MPs decided to increase the threshold for those seeking to benefit from incentives to employ 70 percent of Ugandans who should …

Kampala, Uganda | THE INDEPENDENT | Some companies leave the country immediately their tax incentives expire. This is according to a new study by the Economic Policy Research Centre-EPRC. A study conducted in April 2019 but examined tax incentives given to companies from 2010/2011 to 2018/19 financial years, shows that …