Tag Archives: tax

Kampala, Uganda | THE INDEPENDENT |  Businessman Patrick Bitature has reacted angrily to reports that his businesses benefited from an offshore arrangement to lower his tax bill in Uganda. Recently, leaked documents from Mauritius showed that Bitature and his company Electro-Maxx Uganda Limited received loans from Africa Frontier 1 LLC, a …

Kampala, Uganda | THE INDEPENDENT | Uganda Revenue Authority’s new scanners at the borders have started bearing fruit, as early today the tax collectors intercepted a Kenyan registered truck at Busia border smuggling two people in boxes into Uganda. URA says the truck registration number KCT 230T reached Busia border …

Washington, United States | AFP | New research backs the argument that “sin taxes” lead to a reduction in consumption, justifying the use of the duties in combating obesity and other health issues, its authors say. The 2017 decision by city officials in Philadelphia to impose a beverage tax on …

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 | Officials from the Finance Ministry faced difficulty explaining a proposal by government to tax businesses that have been making losses for seven consecutive years. This same proposal was last year rejected by parliament. Ministry of Finance officials led by the State Minister of Finance …

Kampala, Uganda | THE INDEPENDENT | Officials from the Finance Ministry on Wednesday failed to convince Members of Parliament sitting on the Finance Committee about a proposal for government to write off tax arrears amounting to 426 billion shillings. The figure is out of the 2.6 trillion shillings tax arrears …

Paris, France | AFP |  French lawmakers on Monday began debating a new tax on digital giants such as Facebook and Apple that has angered the United States, with Finance Minister Bruno Le Maire boasting that France was proud to be in the vanguard of such a move. The United …

London, United Kingdom | AFP | Nearly a third of Britain’s billionaires have either moved or are relocating to tax havens, where some have broken UK law by bankrolling political parties, a major investigation said on Thursday. The Times newspaper published a series of reports detailing allegations of Britain’s ultra-rich …

Kampala, Uganda | THE INDEPENDENT | The number of internet subscribers who paid the social media tax reduced from 8.04 million in July 2018 to 6.84 million people in September, according to a quarterly report by Uganda Communications Commission (UCC). The amount of money collected from Over The Top-OTT tax …

Paris, France | AFP |  France will push ahead with its own tax on large internet and technology companies by introducing a bill that would be retroactive to January 1, its finance minister said Sunday. The move comes as the European Union tries to finalise an EU-wide levy. “We are …