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Tag Archives: taxation

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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Parliament passes law restricting export of unprocessed tobacco

Kampala, Uganda | THE INDEPENDENT | Parliament passed the Tobacco Control (Amendment) Bill, 2020 scrapping taxation on processed tobacco restricting it on the unprocessed leaf for export. The Chairperson of the Committee on Finance, Hon. Henry Musasizi, in his report to Parliament said that the tax measures are meant to …

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US urges countries to suspend digital taxes

Washington, United States | AFP |  US Treasury Secretary Steven Mnuchin on Wednesday urged countries like France to suspend taxes on global computing giants and wait for a negotiated agreement on international taxation. As the United States is poised to impose tariffs of up to 100 percent on $2.4 billion …

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NSSF trashes proposal to tax savers benefits in new bill

Kampala, Uganda | THE INDEPENDENT |  The National Social Security Fund (NSSF) has said that the government should consider leaving the taxation issue out of new NSSF bill, 2019, because of the anxiety it sparked among the savers. The government had suggested that workers who wish to withdraw their savings at …

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Japan starts $9 departure tax for travellers

Tokyo, Japan | AFP | Japan on Monday started levying a 1,000 yen ($9.22) departure tax on each person leaving the country, a measure aimed at raising funds to further boost tourism. The International Tourist Tax will cover everyone regardless of nationality — from business people to holidaymakers older than …

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