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Tag Archives: parliament

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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Parliament’s continued sessions worry Health Ministry

Kampala, Uganda | THE INDEPENDENT | The Ministry of Health’s Permanent Secretary, Diana Atwine has expressed concern over Parliament’s continued sessions in the midst of the coronavirus pandemic. Although there have been several calls for Parliament to lockdown following confirmation of COVID-19 cases in Uganda and President Yoweri Kaguta Museveni’s …

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