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Tag Archives: tax

Minister withdraws amendments to Finance, URA Act

Kampala, Uganda | THE INDEPENDENT | The Minister of State for Finance- General Duties, Henry Musasizi has withdrawn two tax Bills from parliament. The House has approved his request. The Bills are the Finance (Amendment Bill), 2022, and the Uganda Revenue Authority (Amendment) Bill, 2022. Under the Finance (Amendment Bill), 2022, the …

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Finance Committee divided over rental tax proposal

Kampala, Uganda | THE INDEPENDENT | Legislators on Parliament’s Finance Committee on Friday disagreed over a proposal by government to impose a flat rate of 12 percent on the gross rental income of individuals for a year of income. The proposal is under the Income Tax (Amendment) Bill, 2022 currently being …

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Gov’t fails to spend UGX2Trillion amidst revenue shortfall

Kampala, Uganda | THE INDEPENDENT | The Uganda Revenue Authority posted a revenue shortfall of 690.3 Billion Shillings in the first four months of the 2021/22 financial year with all tax-heads registering shortfalls except stamp duty. This meant that the government also had to adjust expenditure programs in line with the …

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Farmers seek tax changes in fish Bill

Kampala, Uganda | THE INDEPENDENT | The Uganda Commercial Fish Farmers Association (UCFFA) has appealed for changes in the new Fisheries and Aquaculture Bill, 2021. The farmers want Parliament to repeal the provision within the Bill that attaches a tax to movement of farmed fish which they said is already catered for …

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