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Tag Archives: tax

MTN fights mobile money tax, pays UGX123bn in dividends

Kampala, Uganda | THE INDEPENDENT | MTN Uganda Group has called for a review of the taxation policy for digital money transitions, specifically the levy on the withdrawal of cash at mobile money agents. In 2018, the government introduced four levies on digital services including mobile money transactions, causing a public …

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New law to impose 30 per cent tax on betting

Kampala, Uganda | THE INDEPENDENT | Parliament has passed the Lotteries and Gaming (Amendment) Bill, 2023 that will revise the existing tax of 20 per cent under the existing law to 30 per cent for a gaming activity. Clause 48(1) of the Lotteries and Gaming Act, 2016 states that ‘an …

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MPs approve tax on diapers

Kampala, Uganda | THE INDEPENDENT | Legislators approved a tax on diapers and rejected a proposal to exempt payment of taxes on adult diapers. This was contained in the Value Added Tax (Amendment) Bill, 2023 which the lawmakers passed on Thursday, 04 May 2023. The Bill proposed an exemption on payment …

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India collects record high monthly tax in April

New Delhi, India | XINHUA |  Indian government’s revenue through gross Goods and Services Tax (GST) collected in a single month touched the highest ever figure of 1.87 trillion Indian Rupees (22.88 billion U.S. dollars) in April, announced the federal Ministry of Finance on Monday. The federal government introduced the …

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URA rallies Kasese business community on voluntary tax disclosure

Kasese, Uganda | THE NDEPENDENT | The Uganda Revenue Authority-URA is rallying the business community in Kasese to utilize the voluntary tax disclosure program in order to meet their target obligations. Under the Voluntary Disclosure process, a taxpayer discloses information relating to tax liabilities, omissions, or misstatements and declarations to Uganda …

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