Tag Archives: tax

VIDEO: ‘Africa Loses 136 Shillings Trillion in Tax Incentives per Year ‘ Kampala, Uganda | NBS | African countries lose more than over 136 trillion shillings (the equivalent of 38.6 billion dollars) a year in tax incentives given to foreign investors. This revelation was made by Logan Wort, the executive secretary …

Lisbon, Portugal | AFP | Real Madrid forward Cristiano Ronaldo said Tuesday his “brilliance” annoys people, a day after he was quizzed by a Spanish judge investigating whether he evaded paying millions of euros in taxes. “What bothers people is my brilliance, insects only attack lamps that shine!!!!” the Portuguese wrote …

Madrid, Spain | AFP |  Real Madrid forward Cristiano Ronaldo denied hiding millions of euros in income at a court hearing near the Spanish capital on Monday where he was charged with tax evasion. The Portuguese — the world’s highest paid sportsman according to Forbes magazine — is the latest …

 Madrid, Spain | AFP |   Ending weeks of speculation about his future, Cristiano Ronaldo has told a Spanish newspaper he is staying put at Real Madrid to plunder more silverware. “To win important trophies with my club and the personal honours last season was brilliant, to do it again …

Kampala, Uganda | THE INDEPENDENT REPORTER |  Members of Parliament on the committee on Commissions, Statutory Authorities and State Enterprises (COSASE) have disagreed with Kampala Capital City Authority on its call to amend the law exempting people residing in their properties within Kampala from paying property rates. The MPs led …

Traders say increase in taxes, fees, will increase the cost of doing business The cost of living in Kampala is set to rise if the City Authority Council passes the new proposal seeking to slap new taxes and hike the existing ones on various services in a bid to raise …

Madrid, Spain | AFP |  Spanish prosecutors on Tuesday accused Real Madrid star Cristiano Ronaldo of evading 14.7 million euros in tax through offshore companies, the latest footballer to fall foul of fiscal authorities. The 32-year-old — the world’s highest paid athlete according to Forbes magazine — follows in the …

Kasaija asks for greater involvement by all Ugandans in implementing new budget   Finance Minister, Matia Kasaija has urged all Ugandans to roll up their sleeves and make a contribution towards the smooth implementation of the Shs 29 trillion budget for financial year 2017/18. He said in future, the Ministry …

Representatives from 24 countries of the World Customs Organisation (WCO) of East and Southern Africa are in Uganda to participate in a two-day 22nd governance council meeting that is discussing tax matters. The Ministry of Finance, Planning and Economic Development and the Uganda Revenue Authority are taking the lead in this …

Government of Uganda has set up a five-member committee to check the powers of the self regulated tax agents. Henry Saka, the commissioner for domestic taxes told The Independent on the sidelines of an event unveiling the committee at the Uganda Revenue Authority (URA) headquarters in Nakawa on May 10, …