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Tag Archives: Income Tax

Give landlords tax incentives to waive rent – KACITA

Kampala, Uganda | THE INDEPENDENT | The Kampala City Traders Association (KACITA) has asked government to waive income tax obligation from rent for the three months of lockdown to help the landlords also reduce pressure on the tenants. KACITA was today appearing before the National Economy committee of Parliament which …

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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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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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KACITA: Ugandan MPs should not be exempted from tax

Traders under their umbrella body Kampala City Traders Association (KACITA) have appealed to President Yoweri Museveni not to sign the Income Tax Bill that seeks to exempt Members of Parliament’s allowances from tax. Speaking at a press conference organized at the KACITA headquarters on Wednesday, Chairperson Everest Kayondo re-echoed the opinions of …

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Parliament defies President Museveni on income tax

Parliament on Tuesday defied President Yoweri Museveni’s directive to have the Income Tax (Amendment) Bill, 2016 amended to allow MPs’ allowances to be taxed. “The Committee recommends that the Tax Bill be passed in its current form, and be sent back to the president for assent,” Henry Musasizi, the chairperson …

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