Tag Archives: tax

Is it the answer to a tax system that’s not bringing in enough revenue? INTERVIEW | MARIA JOUSTE | Uganda, with a fiscal deficit of 5.6% in 2023, has increasingly turned to local resources to make up for its revenue shortfall since the World Bank suspended its funding on August 08, …

  COMMENT | JULIUS KENNETH OKURUT | Uganda’s tax administration landscape  has witnessed a significant transformation with the introduction of Electronic Fiscal Receipting and Invoicing Solution (EFRIS). Spearheaded by the Uganda Revenue Authority (URA), EFRIS is a digital system designed to streamline and regulate the issuance of invoices and receipts …

Kampala, Uganda | THE INDEPENDENT |  The Tax Justice Alliance Uganda has disagreed with most of the proposals in the five tax amendment bills that were recently tabled before parliament as part of the 2024/2025 budget process. The new tax measures are contained in the Income Tax Amendment Bill, 2024, …

KAMPALA, UGANDA | THE INDEPENDENT | The Tax Justice Alliance Uganda has disagreed with most of the proposals in the five tax amendment bills that were recently tabled before parliament as part of the 2024/2025 budget process. The new tax measures are contained in the Income Tax Amendment Bill, 2024, the …

But expert opinions diverge on the suggested tax measures aimed at bolstering the government’s spending strategy Kampala, Uganda | THE INDEPENDENT | Uganda government is proposing to raise spending by 10% to Shs 58.3 trillion in the upcoming FY 2024/25 amidst concerns of budget cuts including parliament. The proposed budget presented …

Kampala, Uganda | THE INDEPENDENT | The Uganda National Bureau of Statistics (UBOS) is seeking an additional Shs23.7 billion to settle tax obligations for 120,000 tablet computers procured for the upcoming national population census scheduled for May this year. The tablet computers cost Shs132 billion. With the Executive Director of UBOS, …

Kampala, Uganda | THE INDEPENDENT | The Ministry of Finance, Planning and Economic Development has issued a raft of measures it plans to use to raise more taxes next financial year, if approved by parliament. The proposals in the new tax amendment bills are already raising fears among the public that …

Mbarara, Uganda | THE INDEPENDENT | The Mbarara City Council executive committee has proposed to introduce the development permission tax. While presenting the draft estimates of the revenue and expenditure for the financial year 2024/25, the Secretary for Finance and Administration Ronald Taremwa told the council that the new tax is …

However, Auditor-General John Muwanga report faults the taxman for failing to collect taxes from gold exports Kampala, Uganda | THE INDEPENDENT | Uganda’s gold exports have seen a dramatic rebound, hitting US$2.3 billion last year following the government’s decision to lower export taxes, a move aimed at revitalizing trade that had …

Harare, Zimbabwe | Xinhua |  Zimbabwe’s Minister of Finance, Economic Development and Investment Promotion Mthuli Ncube on Thursday proposed a “wealth tax” that targets the country’s super-rich with an intention to use the funds earned from the new measure to upgrade urban infrastructure. Presenting the 2024 national budget statement to …