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Tag Archives: taxes

BUDGET: Museveni unhappy with low tax collections

  Budget 2021 summary ✳ Resource envelope Sh45.5 trillion ✳ Revenue Sh21.8 trillion ✳ Uganda GDP Sh138 trillion ✳ Uganda GDP rate +3.1% ✳ Electricity output 1254MW ✳ Paved roads 5600km ✳ National IT backbone, 49 districts ✳ Internet bandwidth $70/Mbps ✳ UDB sh1 trillion injection ✳ Domestic arrears pay 673bn …

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Experts welcome tax waiver on agricultural inputs

Kampala, Uganda | THE INDEPENDENT | The move by the government to waive taxes on most agriculture products has been welcomed as a positive step. Finance Minister Matia Kasaija is expected to announce the removal of the 18 percent value-added tax (VAT) on all the tools used in the garden …

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Gov’t revenues fall short by UGX 789 Bn in April – Report

Kampala, Uganda | THE INDEPENDENT | Government revenues – taxes, grants and non-tax revenues – suffered the hardest beating in April falling below target by a whopping 789.8 billion Shillings, the clearest indicator of how the coronavirus has battered the Ugandan economy. According to the Ministry of Finance Performance of the …

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Gov’t to allow companies delay payment of taxes

Kampala, Uganda | THE INDEPENDENT | Some companies will be allowed to delay payment of taxes like Pay As You Earn and corporation taxes to remain in operation. Medical items required in the fight against the virus including masks, protective goggles, body bags and sanitizers, infra-red thermometers and motorized fumigation pumps …

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CSOs want list of companies exempted from taxation published

Kampala, Uganda  | THE INDEPENDENT | Civil society Organisations (CSOs) are asking government to publish a list of all companies that are exempted from taxes. During a press conference held on Sunday, Julius Mukunda, the Executive Director of the Civil Society Budget Advocacy Group (CSBAG) said the failure by Uganda Revenue …

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Tax collection drops further in November

Kampala, Uganda | THE INDEPENDENT | Government taxes took yet another hit in November as Uganda Revenue Authority (URA) collected less than the target at the time when there is decry over consistent poor tax performance. A Ministry of Finance November 2019 report on the performance of the economy shows …

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Uganda ahead of Kenya, Tanzania in ease of paying taxes

Kampala, Uganda | THE INDEPENDENT  | Uganda has been ranked ahead of Tanzania and Kenya in the ease with which individuals and investors can file and pay their taxes. According to the Paying Taxes 2020 report by audit firm PricewaterhouseCoopers (PWC) and the World Bank, Uganda is at position 92nd out …

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UNBS starts to bite, wants all imports Certified before taxation

Kampala, Uganda | THE INDEPENDENT | The Uganda National Bureau of Standards-UNBS has proposed that Uganda Revenue Authority-URA should tax only imports that have been certified by the standards body. UNBS is mandated to develop, promote and enforce standards to ensure competitiveness of locally manufactured products and to protect the health and safety of consumers …

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AMREF Africa CEO calls for increased taxes on sugar

Kampala, Uganda | THE INDEPENDENT  | The global Chief Executive Officer of international NGO, AMREF Africa, Dr. Gitahi Githinji, has called for legislation on fast foods and sugar if Uganda is to tackle the growing public health threat of Non-Communicable Diseases (NCDs). He said recent statistics are showing that globally …

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