Tag Archives: taxation

Kampala, Uganda | THE INDEPENDENT | The Uganda Bankers Association-UBA is petitioning the Central Bank to block the proposed taxation of cash withdrawals from the bank. The proposal has drawn condemnation across sections of the public after the Ministry of Finance Planning and Economic Development wrote to the Governor of the …

Kampala, Uganda | THE INDEPENDENT | The Private Sector Foundation is concerned that the policies that the government is putting in place are likely to worsen the effects of the Covid 19 pandemic on the economic and social situations in the country. The Private Sector Foundation Uganda Chairman, Elly Karuhanga says …

Kampala, Uganda | THE INDEPENDENT | Insurance players in Uganda have said that the high taxes imposed on insurance premiums are kicking them out of business. An insurance premium is the amount of money an individual or business pays for an insurance policy. Insurers say that on top of every …

Addis Ababa, Ethiopia | XINHUA | The African Union (AU) Commission on Wednesday said that the ongoing COVID-19 pandemic has amplified Africa’s need to expand resource mobilization base. “Already African countries are reporting a reduction in tax revenues, especially from the non-digitalized sectors. The decline in the prices and demand …

Kampala, Uganda | THE INDEPENDENT | Parliament passed the Tobacco Control (Amendment) Bill, 2020 scrapping taxation on processed tobacco restricting it on the unprocessed leaf for export. The Chairperson of the Committee on Finance, Hon. Henry Musasizi, in his report to Parliament said that the tax measures are meant to …

Paris, France | AFP | Finance Minister Bruno Le Maire called Monday on the United States to not follow through on threats to impose sanctions on France in a dispute over taxation of tech giants and warned of retaliation. “This trade war is in no one’s interest and I call on …

Ottawa, Canada | AFP |  Canada will impose a levy on internet giants such as Amazon, Google and Facebook similar to France’s digital services tax that created tensions with Washington, two ministers said Monday. “We’ve been very clear that we want to make sure that digital companies pay their fair …

Washington, United States | AFP |  US Treasury Secretary Steven Mnuchin on Wednesday urged countries like France to suspend taxes on global computing giants and wait for a negotiated agreement on international taxation. As the United States is poised to impose tariffs of up to 100 percent on $2.4 billion …

Kampala, Uganda | THE INDEPENDENT |  The National Social Security Fund (NSSF) has said that the government should consider leaving the taxation issue out of new NSSF bill, 2019, because of the anxiety it sparked among the savers. The government had suggested that workers who wish to withdraw their savings at …

  In Paris this month, developing countries must understand what is at stake and speak up COMMENT | José Antonio Ocampo | Project Syndicate | At first glance, it appears to be a bureaucratic meeting like any other. But the discussions at the OECD in Paris at the end of this …