Kampala, Uganda | THE INDEPENDENT | The Ministry of Finance has been tasked to consider suspending all new tax measures for the coming financial year 2020/2021 to help Ugandans cope with the effects of coronavirus pandemic. The request was made by the Finance Committee of Parliament during an interface with Minister …
Read More »ELECTORAL COMMISSION: Tax clearance not a requirement for elections
Kampala, Uganda | THE INDEPENDENT | The Electoral Commission has said obtaining a tax clearance certificate from the Uganda Revenue Authority (URA) is not a requirement for candidates hoping to participate in the 2020/2021 general elections. Doris Akol, the Uganda Revenue Authority -URA Commissioner General recently urged all those intending …
Read More »France, US agree to extend digital tax row talks
Paris, France | AFP | Emmanuel Macron and Donald Trump have agreed to extend negotiations on a dispute over a French tax on digital giants to the end of the year, postponing Washington’s threat of sanctions against Paris, a French diplomatic source said Monday. The source said the French and …
Read More »2020/2021 Financial year budget to increase after negotiations with donors
Kampala, Uganda | THE INDEPENDENT | The Director Budget in the Ministry of Finance, Kenneth Mugambe says that the proposed budget for the coming financial year 2020/2021 is expected to increase once on-going project negotiations that require external financing are concluded. According to the Budget framework paper accessed by URN, government …
Read More »MPs want tax exemption for CCTV cameras
Kampala, Uganda | THE INDEPENDENT | The proposal is contained in a motion by the Kasambya County MP Mbwatekamwa Gaffa that seeks to urge government to review the tax regime on Closed Circuit Television-CCTV security cameras and automotive tracking devices. Close to 3,000 CCTV cameras planned for Kampala Metropolitan policing …
Read More »Population data, demographic dividend and tax collection key for Uganda’s economic growth
COMMENT | Ndereya Besi | This week, Uganda plays host to two African conferences. First, the 8th African Population Conference (APC) and the 4th International Conference on tax in Africa. APC is organized in conjunction with National Population Secretariat and supported by the Union of African Population Council in conjunction with United Nations Fund …
Read More »URA recalls order on tax certificate to transfer Sh50 million abroad
Kampala, Uganda | THE INDEPENDENT | Doris Akol, the Uganda Revenue Authority-URA Commissioner General, has recalled the order that required individuals and corporations transferring sh50 million and more abroad to have a tax certificate. The order, which became public on Wednesday and had been issued by Commissioner Domestic Taxes Henry Saka, …
Read More »Dutch say the tax party’s over for multinationals
The Hague, Netherlands | AFP | Long criticized at home and abroad for being a haven for giant corporations, the Netherlands announced fresh measures Tuesday to crack down on tax breaks for multinationals. Business-minded Dutch Prime Minister Mark Rutte, leading a fragile coalition, is backing a proposal originally tabled by …
Read More »NSSF will not lend directly to government-MD
The government’s plan to amend the current NSSF Act has caused uproar among the public in the past days. NSSF’s Managing Director, Richard Byarugaba, spoke to The Independent’s Isaac Khisa about the motives behind the proposed law and its implications to the members and economy. What does this NSSF Amendment …
Read More »PM Boris Johnson supports new digital tax
Johnson insists US digital giants must be taxed ‘fairly and properly’ Biarritz, France | AFP | British Prime Minister Boris Johnson on Saturday said that US digital giants needed to be taxed “fairly and properly” in a growing dispute with the United States over taxing the likes of Amazon, Apple, …
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