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Tag Archives: Henry Musasizi

Parliament passes PPDA Amendment Bill 2019

Kampala, Uganda | THE INDEPENDENT | Parliament has passed the Public Procurement and Disposal of Assets Bill, 2019,  which is expected to reduce the bureaucracies of Procurement. The Bill provides for electronic records and communication, the aggregation of procurement requirements and the inclusion of marginalized groups under reservation schemes. The …

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Finance Committee approves BoU recapitalization request

Kampala, Uganda | THE INDEPENDENT | The Finance Committee of parliament has approved a request to recapitalize Bank of Uganda with Shillings 481 billion in the 2020/2021 financial year. This is part of the recommendations in the Committee report on the National Budget Framework Paper on votes in the finance …

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MPs summon Mutebile over UGX 481 billion BoU capitalization

Kampala, Uganda | THE INDEPENDENT  | Parliament’s Finance Committee has summoned the Bank of Uganda Governor Emmanuel Tumusiime Mutebile to explain the continued recapitalization of the institution. This follows a fresh request by the Ministry of Finance to recapitalize the Central Bank with Shillings 481.7 billion Shillings in the coming financial …

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Joint Committee stuck with NSSF Amendment Bill

Kampala, Uganda | THE INDEPENDENT  | A joint committee that is scrutinizing the National Social Security Fund Amendment Bill is stuck following a disagreement between Henry Musasizi, the chairperson of the Finance Committee and his Gender counterpart Alex Ndeezi. The Bill seeks to, among others, expand social security coverage and …

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Kadaga to resolve Gender, Finance committees rift on NSSF Bill

Kampala, Uganda | THE INDEPENDENT  | The Speaker, Rebecca Kadaga says she will meet the chairpersons of the Gender and Finance Committees who have disagreed over the processing of the National Social Security Fund Amendment Bill, 2019. Kadaga told Parliament that she will meet both chairpersons in order to forge …

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MPs approve withholding tax exemption on agricultural supplies

Kampala, Uganda | THE INDEPENDENT | The Finance Committee of parliament has recommended the amendment of the Income Tax Act to exempt agricultural supplies from withholding tax. In its report to parliament, a copy of which URN has seen, the committee recommends the amendment of Section 118 of the Income tax …

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Parliament exempts tax on educational materials

Kampala, Uganda | THE INDEPENDENT | Parliament has passed the Value Added (Amendment) Tax Bill, 2019 approving VAT exemption of imported mathematical and geometry sets used in schools. Members of Parliament in a plenary session chaired by Deputy Speaker Jacob Oulanyah approved the Finance Committee report recommendation slightly moving away from …

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Parliament defers debate on proposal to write off UGX 499Bn tax arrears

Kampala, Uganda | THE INDEPENDENT | The Deputy Speaker of Parliament Jacob Oulanyah deferred debate on the Tax Procedures Code (Amendment) Bill, 2019 on Tuesday afternoon. Through the bill, government is seeking approval from parliament to write off tax arrears amounting to Shillings 499 billion. The Finance Ministry tabled the Bill …

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Parliament maintains sh200 tax on non-alcoholic drinks

Kampala, Uganda | THE INDEPENDENT | Parliament has maintained a sh200 per litre tax on non-alcoholic drinks that government sought to reduce in the next financial year. In a plenary session chaired by Deputy Speaker Jacob Oulanyah, MPs on Tuesday afternoon approved parliament’s Finance Committee report on the Excise Duty …

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