However, stakeholders emphasize the need to tackle challenges in taxation, technology, and skills development to unlock the sector’s full potential Kampala, Uganda | JULIUS BUSINGE | Uganda’s oil and gas industry is reshaping the nation’s economy, presenting unparalleled opportunities for local businesses and individuals. However, stakeholders emphasize the need to tackle …
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Kampala, Uganda | THE INDEPENDENT | Uganda Revenue Authority has launched a taxation handbook (Chinese translation) for the Chinese business community and signed a Memorandum of Understanding (MoU) between URA and SinoCham. Speaking at the launch at Silver Springs Hotel – Bugolobi, the URA Commissioner General, John R. Musinguzi appreciated …
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Kampala, Uganda | THE INDEPENDENT | Uganda Revenue Authority-URA started the calendar year 2023 with explanations regarding the new plan for the taxation of the incomes of artistes in the entertainment industry. This is one of the revenue measures being put in place for the financial year 2023/2024 which begins in …
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Kampala, Uganda | THE INDEPENDENT | MPs have passed the Excise Duty (Amendment) Bill, 2022 scrapping taxes on sugar confectionaries, sweets, gums, and chocolates. The bill was earlier passed in March 2022 but returned to Parliament for reconsideration by President Yoweri Museveni. The Parliament Committee on Finance, Planning and Economic Development …
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United Nations | Xinhua | UN Secretary-General Antonio Guterres on Wednesday called for taxation on windfall profits of oil and gas companies to ease the impact of the energy crisis on the most vulnerable people. “It is immoral for oil and gas companies to be making record profits from this energy …
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Kampala, Uganda | THE INDEPENDENT | The Civil Society Budget Advocacy Group (CSBAG) has proposed the establishment of a fiscal council to oversee taxation and expenditure of public funds. According to the International Monetary Fund (IMF), the fiscal council is an independent public institution set up by the government to evaluate …
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Kampala, Uganda | THE INDEPENDENT | Minister of State for Trade, Harriet Ntabazi has told Parliament that government stayed imposition of the specific duty rates of US$ 3 and US$ 3.5 per kilogramme for fabrics and garments respectively. Ntabazi made this revelation while presenting a ministerial statement on the would have been …
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Busia, Uganda | THE INDEPENDENT | More than 300 fish traders have deserted Busia fish market citing double taxation and high costs for clearing fish products for export. The fish traders claim that they pay Shillings 20,000 to get a clearance form, Shillings 50,000 for an export permit and US$ 0.05 per …
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Kampala, Uganda | THE INDEPENDENT | The Traffic and Road Safety Act (Amendment) Bill 2021, seeking to introduce a license fee for motor vehicle owners payable annually has been rejected by Parliament. The Bill which was presented to Parliament in April by the government failed to meet favour with the Committee on …
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Masaka, Uganda | THE INDEPENDENT | The government has been advised to explore the possibility of taxing online advertising and content promoters instead of imposing a tax on internet data bundles. Early this month, Finance Minister Matia Kasaija announced twelve new measures through which the government intends to increase its revenue …
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