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Tag Archives: KACITA

URA’s silver bullet

How addition of Single Customs Territory is changing cross-border business Kampala, Uganda | JULIUS BUSINGE | Imagine you are a trader in Uganda importing goods requiring 500 trucks. Under what has until now been the Uganda Revenue Authority (URA) system, each truck would require its own customs clearance entry costing …

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Uganda’s 2017/ 18 budget

Business leaders want economic reforms to boost the economy Planned government borrowing and increased taxes to fund the Shs29 trillion budget for financial year 2017/2018 have left investors and business leaders worried about the coming year, ahead of the budget announcement next week, an informal survey by The Independent has …

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Traders welcome ban on paying rent in dollars

Ugandan traders reacted with glee when parliament inserted a clause in the Income Tax Amendment Bill prohibiting charging of rent in dollars. The clause stipulates that all agreements on rent shall be executed and effected in no other currency other than Ugandan shillings. This was the result of persistent complaints …

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Sorry; no Christmas in Kampala

New regulations hamper businesses in nation’s capital In the past, downtown Kampala has always been the busiest place in the nation. Usually crowded streets like Nabugabo Road, Kikuubo, Ben Kiwanuka Street and Luwum Street become impassable as pedestrians jostle to find a way through the Christmas-themed goods on display. This …

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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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