Kampala, Uganda | THE INDEPENDENT | The Speaker of Parliament Rebecca Kadaga has directed the Ministry of Finance, Planning and Economic Development to review taxes on imported textile, following uproar from traders who said the new tax regime is prohibitive. In a meeting with the United Textile Group and Manufacturers’ Association …
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Kampala, Uganda | THE INDEPENDENT | Members of Parliament on the Public Accounts Committee have resolved to hold the University Secretary of Lira University liable for failure to remit over shillings 30 million in taxes. Augustine Oyang-Atubo–accounting officer on Tuesday appeared before the committee with a team of officials from the …
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Kampala, Uganda | THE INDEPENDENT | Century Bottling Company Limited is set for a fierce fight with the Uganda Revenue Authority over a tax bill amounting to 58 billion Shillings. According to an assessment by URA, an audit of Coca Cola Uganda between January 2014 and December 2017 found that …
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Kampala, Uganda | THE INDEPENDENT | The government has slapped taxes on imported agricultural products. In the 2020/21 budget, Matia Kasaija, the Minister of Finance said he seeks to promote import substitution and develop local industries. He said the government has increased import duties on goods that are produced …
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Budget 2021 summary ✳ Resource envelope Sh45.5 trillion ✳ Revenue Sh21.8 trillion ✳ Uganda GDP Sh138 trillion ✳ Uganda GDP rate +3.1% ✳ Electricity output 1254MW ✳ Paved roads 5600km ✳ National IT backbone, 49 districts ✳ Internet bandwidth $70/Mbps ✳ UDB sh1 trillion injection ✳ Domestic arrears pay 673bn …
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Kampala, Uganda | THE INDEPENDENT | The move by the government to waive taxes on most agriculture products has been welcomed as a positive step. Finance Minister Matia Kasaija is expected to announce the removal of the 18 percent value-added tax (VAT) on all the tools used in the garden …
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Finance Ministry measures ➡ Delay payment of Corporation tax for Corporations & SME’s ➡ Defer payment of PAYE by sectors affected ➡ Capitalization of UDC ( 100bn) ➡Capitalization of UDB ( 1 trillion) ➡Funds for Emyooga (Boda bodas,Saloon operators,Artists) Kampala, Uganda | THE INDEPENDENT | The Ministry of …
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Kampala, Uganda | THE INDEPENDENT | Government revenues – taxes, grants and non-tax revenues – suffered the hardest beating in April falling below target by a whopping 789.8 billion Shillings, the clearest indicator of how the coronavirus has battered the Ugandan economy. According to the Ministry of Finance Performance of the …
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Kampala, Uganda | THE INDEPENDENT | Some companies will be allowed to delay payment of taxes like Pay As You Earn and corporation taxes to remain in operation. Medical items required in the fight against the virus including masks, protective goggles, body bags and sanitizers, infra-red thermometers and motorized fumigation pumps …
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Kampala, Uganda | THE INDEPENDENT | Civil society Organisations (CSOs) are asking government to publish a list of all companies that are exempted from taxes. During a press conference held on Sunday, Julius Mukunda, the Executive Director of the Civil Society Budget Advocacy Group (CSBAG) said the failure by Uganda Revenue …
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