Kampala, Uganda | THE INDEPENDENT | Government has started engaging owners of gold companies so as to reach an understanding over the new taxes imposed on gold. This is after the Ministry of finance reported that the country lost over 470 billion Shillings in taxes on the exportation of gold due …
Read More »Government accuses KACITA leadership of dishonesty
Kampala, Uganda | THE INDEPENDENT | As the government moves to meet traders over an impending strike by importers of textile and textile products over taxes, the Ministry of Finance, Planning and Economic Development, and the Uganda Revenue Authority are accusing the traders leadership of dishonesty. Kampala City Traders Association, KACITA …
Read More »Covid-19, gov’t regulations impact tobacco revenues and taxes
Kampala, Uganda | THE INDEPENDENT | Uganda’s formal tobacco Industry continues to be impacted by a growing trade in illicit products, attributed to government policies which are otherwise aimed at protecting the industry. These include the implementation of anti-smoking regulations as well as the tax measures that are largely aimed at …
Read More »UNBS scraps audit, surveillance fees for Q-Mark
Kampala, Uganda | THE INDEPENDENT | The Uganda National Bureau of Standards has reduced the cost of certifying a product, following continuous complaints from manufacturers. UNBS has also phased out some costs altogether including Initial Audit Fees of 250,000 Shillings and Surveillance Audit Fees of 250,000. Sylvia Kirabo, the Head …
Read More »MPs want 30 percent tax levied on health workers risk allowance scrapped
Kampala, Uganda | THE INDEPENDENT | Members of Parliament on the COVID-19 task force have asked the government not to deduct 30 percent off the risk allowances for health workers deployed in the COVID-19 Treatment Units- CTU. The MPs who are on the nationwide tour to assess Covid-19 management capacities in …
Read More »Can EAC partner states have centralized tax system?
Kenya charges 16% VAT while the rest impose 18% on products produced within their countries | THE INDEPENDENT | Uganda’s finance ministry and Uganda Revenue Authority executives have agreed that there is need to centralize collection of revenues within the East African Community. This, they say, will play an important …
Read More »Gulu city starts property valuation to boost local revenue
Gulu, Uganda | THE INDEPENDENT | Gulu City Council has started valuation of all properties to be taxed in the next five years. Gulu City’s revenue collection for the financial year 2020/2021 was projected at 4.7 Billion Shillings but only 1.8 Billion Shillings was realized. Geoffrey Oyoo, the Gulu City senior …
Read More »Gov’t, civil society call for joint tax revenue collection in EAC
Kampala, Uganda | THE INDEPENDENT | The Ministry of Finance, Planning and Economic Development and the Uganda Revenue Authority have agreed that there is a need to quickly centralize the collection of government revenues within the East African Community. Article 32 of the EAC Common Market Protocol provides for the harmonization …
Read More »FDC urges Ugandans to rise against new taxes, increasing public debt
Kampala, Uganda | THE INDEPENDENT | The opposition Forum for Democratic Change (FDC) has implored Ugandans to rise up against some of the newly approved taxes by parliament and the increasing public debt. Recently, parliament approved a Shillings 100 levy on a litre of petrol and diesel. Harold Kaija, the Deputy …
Read More »FULL SPEECH: President Samia Suluhu cuts PAYE, promises Tanzanians more
Mwanza, Tanzania | THE INDEPENDENT | President Samia Suluhu Hassan has taken a decision to cut taxes on workers pay despite Tanzania’s economic growth slowing from 6.9% to 4.7%. Government will promote at least 85,000 workers, but she however says the economy cannot yet afford a general salary increase. …
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