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Tag Archives: parliament

MPs recommend review of national budget

Kampala, Uganda |  THE INDEPENDENT |  Parliament’s Budget Committee has recommended that the government reviews and revises the National Budget for the coming financial year 2020/2021 in the wake of COVID-19. This is one of the committee’s recommendations in its report to Parliament in which it approved the appropriation of Shillings 45.493 …

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Technical glitches mar parliament debate on excise duty bill

Kampala, Uganda |  THE INDEPENDENT |  A move by parliament to receive submissions from a section of legislators via video conferencing was on Tuesday afternoon interrupted by technical glitches prompting a halt of their submissions on the Excise Duty (Amendment) Bill, 2020. Parliament has since last week reduced the number of …

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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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Parliament defends UGX 10Bn COVID-19 cash

Kampala, Uganda | THE INDEPENDENT | Parliament has said the 10 billion Shillings allocated to the institution for COVID-19 interventions will not go to individual Members of Parliament but for the oversight work by the taskforce. Parliament allocated itself 10 billion Shillings part of the over 300 billion Shillings supplementary …

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Parliament exempts islamic development bank, agricultural implements from VAT

Kampala, Uganda |  THE INDEPENDENT | Parliament has resolved to exempt the Islamic Development Bank and a number of agricultural implements from taxes. Parliament resolved this on Wednesday during debate on the Value Added Tax (Amendment) Bill, 2020. The Legislators scrapped VAT on combine harvester, agricultural trailers, tractor mounted Hay mowers, …

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