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Tag Archives: tax

Zimbabwe mulls wealth tax targeting the rich

Harare, Zimbabwe | Xinhua |  Zimbabwe’s Minister of Finance, Economic Development and Investment Promotion Mthuli Ncube on Thursday proposed a “wealth tax” that targets the country’s super-rich with an intention to use the funds earned from the new measure to upgrade urban infrastructure. Presenting the 2024 national budget statement to …

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Museveni warns against taxing innovations

Kampala, Uganda | THE INDEPENDENT | President Yoweri Kaguta Museveni warned public officials against taxing innovations, saying that culprits will be dealt with, according to the law. According to the President, there’s no logic in taxing innovations when Uganda even gives tax holidays to products which are not a result of …

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Uganda slaps tax on Facebook, Netflix

Kampala, Uganda | THE INDEPENDENT | Parliament imposed a tax on companies reporting losses for more than seven years with 50% of the losses carried forward now being subject to tax in new amendments to the Income Tax Act. During the House sitting on Tuesday, 11 July 2023, Members of Parliament …

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Kasese traders ask URA to intensify tax education

Kasese, Uganda | THE INDEPENDENT | The Business community in Kasese District has asked Uganda Revenue Authority-URA to create adequate awareness to enhance tax compliance. They say that there has been a huge gap in communication and information dissemination and if not addressed it will be difficult for the tax body …

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Politicizing revenue collection is affecting tax compliance – URA

Kampala, Uganda | THE INDEPENDENT | Uganda Revenue Authority is blaming politicization of revenue collection in the Ugandan public, as one of the reasons affecting compliance with tax obligations hence low revenue collections in the country. Though the amounts collected increase regularly, URA has always failed to achieve its set targets, …

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