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Parliament rejects withholding tax on land purchase

Kampala, Uganda |  THE INDEPENDENT |  Parliament has rejected a proposal by the government to introduce a withholding tax on the purchase of land in the coming financial year 2020/2021.    Under the Income Tax (Amendment) Bill, 2020, the government had proposed a withholding tax on the purchase of land other than land which …

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Kalerwe markets get facelift as vendors push for re-opening

Kampala, Uganda |  THE INDEPENDENT |  There is an ongoing improvement in the Markets at Kalerwe pending reopening by Kampala Capital City Authority KCCA. There are over ten markets at Kalerwe including Kajubi, Bivamuntuuyo, Freedom, Farmers, Ssemuguwa and Muluya Market among others. They host over 1000 vendors. On April 03rd,  the …

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Parliament maintains position on taxing loss making businesses

Kampala, Uganda |  THE INDEPENDENT |  Parliament has for the third consecutive year rejected a government proposal to tax businesses making losses in the coming financial year 2020/2021. This was during a debate on Thursday in which MPs approved the Income Tax (Amendment) Bill, 2020 in a plenary session chaired by …

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Nkumba, Ndejje universities warn about April salaries

Kampala, Uganda | THE INDEPENDENT | A number of private universities have alerted their employees that they will not be able to pay their salaries after more than a month of inactivity, following the closure of education institutions. Universities were closed together with other congregational places, like schools and churches …

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Sheraton, Serena send staff home as occupancy ground to zero

  Kampala, Uganda | THE INDEPENDENT | Serena Hotel Kampala and Sheraton Kampala have sent staff home until further notice as coronavirus (COVID -19) travel restrictions bring hotel occupancy to zero. Notices seen from both hotels tell staff while they will receive pay for the months of March and April, …

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