Kampala, Uganda | THE INDEPENDENT | The government has started implementing the new 12% excise duty on airtime and internet data, among other fiscal measures for the year 2021/2022 that started Thursday. The new tax was part of the amendments in the Excise Duty Act and replaces the Over the …
Read More »Covid-19 lockdowns, differences in tax policies complicates trade in EAC bloc
Experts, government suggest ways to easing trade among partner states Kampala, Uganda | JULIUS BUSINGE | There is a growing concern amongst the business community that the COVID-19 lockdown measures are a danger to business activities, and if not carefully eased, could make the situation worse going forward. This is …
Read More »Parliament passes 12% tax on internet data
Kampala, Uganda | THE INDEPENDENT | Parliament has passed a 12% tax on internet data. The tax measure is contained in the Excise duty amendment bill 2021 that among other things has introduced a 100 shillings’ tax on every liter of fuel. The new tax proposals also repealed the daily 200 …
Read More »Gov’t introduces 100 shillings tax on fuel
Kampala, Uganda | THE INDEPENDENT | Government has abandoned the proposal to impose a 200,000 shillings license on vehicles and instead introduced a 100 shillings tax per litre of fuel to raise revenue. This was revealed by Finance Minister in charge of planning David Bahati who was appearing before the finance committee …
Read More »No tax relief for retrenched workers
URA’s legal win means benefits will be subjected to PAYE Kampala, Uganda | JULIUS BUSINGE | It is now official that workers who will be paid benefits as a result of retrenchment will be subjected to Pay as You Earn tax – which is 30% of the total earnings. This …
Read More »Kaabong to tax artisanal miners to boost local revenue
Kaabong, Uganda | THE INDEPENDENT | Kaabong district authorities have announced plans to tax artisanal miners in the district. This follows several requests by the miners and residents requesting for improved service delivery. The miners want the district to construct water sources in the mining areas. Albine Dwo, the district …
Read More »Lake Kyoga fishermen get six month tax exemption
Hoima, Uganda | THE INDEPENDENT | Fishermen on Lake Kyoga have been exempted from taxes for six months, the Minister of State for Fisheries Helen Adoa has confirmed. This follows the resumption of fishing operations in Lake Kyoga after they were banned in January. The fishermen are supposed to pay …
Read More »Court declares tax appeal deposits unconstitutional
Kampala, Uganda | THE INDEPENDENT | Taxpayers disputing assessments by Uganda Revenue Authority will no longer be required to deposit 30 per cent of the amount in dispute before launching a challenge at the Tax Appeals Tribunal (TAT). Section 15 of the Tax Appeals Tribunal Act requires a company or any …
Read More »Gov’t delays taxes worth UGX 129.4 billion in business relief
Kampala, Uganda | THE INDEPENDENT | The Minister of Finance Matia Kasaija has announced the postponement of taxes worth 129.4 billion as a short term emergency relief measure to businesses affected by coronavirus pandemic. The taxes postponed include corporate income tax, Pay As You Earn (PAYE) and presumptive tax, which …
Read More »MPS reject reintroduction of 6% withholding tax on agricultural supplies
Kampala, Uganda | THE INDEPENDENT | Parliament has rejected a government proposal seeking to reinstate the six per cent withholding tax on payments for agricultural supplies. The supplies were in 2019 exempted from the six per cent withholding tax after observing a practical challenge with a one per cent tax introduced …
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