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Tag Archives: taxation

Parliament scraps excise duty on confectionaries

Kampala, Uganda | THE INDEPENDENT | MPs have passed the Excise Duty (Amendment) Bill, 2022 scrapping taxes on sugar confectionaries, sweets, gums, and chocolates. The bill was earlier passed in March 2022 but returned to Parliament for reconsideration by President Yoweri Museveni. The Parliament Committee on Finance, Planning and Economic Development …

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CSBAG demands set up of fiscal council to assess gov’t expenditure

Kampala, Uganda | THE INDEPENDENT | The Civil Society Budget Advocacy Group (CSBAG) has proposed the establishment of a fiscal council to oversee taxation and expenditure of public funds. According to the International Monetary Fund (IMF), the fiscal council is an independent public institution set up by the government to evaluate …

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Government stays taxes on fabrics and garments

Kampala, Uganda | THE INDEPENDENT | Minister of State for Trade, Harriet Ntabazi has told Parliament that government stayed imposition of the specific duty rates of US$ 3 and US$ 3.5 per kilogramme for fabrics and garments respectively. Ntabazi made this revelation while presenting a ministerial statement on the would have been …

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Busia fish traders decry high clearance costs, taxes

Busia, Uganda | THE INDEPENDENT | More than 300 fish traders have deserted Busia fish market citing double taxation and high costs for clearing fish products for export. The fish traders claim that they pay Shillings 20,000 to get a clearance form, Shillings 50,000 for an export permit and US$ 0.05 per …

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Bill on motor vehicle licences rejected

Kampala, Uganda | THE INDEPENDENT | The Traffic and Road Safety Act (Amendment) Bill 2021, seeking to introduce a license fee for motor vehicle owners payable annually has been rejected by Parliament. The Bill which was presented to Parliament in April by the government failed to meet favour with the Committee on …

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Bankers oppose planned cash withdrawal tax

Kampala, Uganda | THE INDEPENDENT | The Uganda Bankers Association-UBA is petitioning the Central Bank to block the proposed taxation of cash withdrawals from the bank. The proposal has drawn condemnation across sections of the public after the Ministry of Finance Planning and Economic Development wrote to the Governor of the …

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Gov’t policies could hurt economy – PSFU

Kampala, Uganda | THE INDEPENDENT | The Private Sector Foundation is concerned that the policies that the government is putting in place are likely to worsen the effects of the Covid 19 pandemic on the economic and social situations in the country. The Private Sector Foundation Uganda Chairman, Elly Karuhanga says …

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Insurance companies restless over increasing taxation

Kampala, Uganda | THE INDEPENDENT | Insurance players in Uganda have said that the high taxes imposed on insurance premiums are kicking them out of business. An insurance premium is the amount of money an individual or business pays for an insurance policy. Insurers say that on top of every …

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