Tag Archives: taxes

Kampala, Uganda | THE INDEPENDENT | Bujagali Energy Limited (BEL) will refund US$342 million to the Ugandan government for overpaid fees subject to a forensic audit by the Attorney General. This is after Parliament chaired by Speaker Anita Among on Wednesday, 15 March 2023 adopted the report of the Adhoc …

This comes at a time parliament is now involved in coming up with a proposed budget for the next financial year Kampala, Uganda | THE INDEPENDENT | Ugandan government need to review taxes on internet and internet-enabled devices such as smartphones ahead of the proposed national budget for the Financial Year …

Where the artist is a freelancer and is hired by a promoter, events manager or another artist, the person who hired their services is required to withhold 6% of the amount paid to the artist if the artist is Ugandan based COMMENT | Sarah M. Chelangat |  Over the last two …

COMMENT | Sarah M. Chelangat |  For years, tax compliance has eluded the tax man with slightly over 2 million taxpayers out of a population of 20 million working adults contributing to the tax base. Of the 2 million registered taxpayers, 50% are companies doing business in Uganda. This means a …

SPECIAL FEATURE | BUSINESS | Starting a business is no easy task. There are so many things to consider – from the initial planning stages to marketing and advertising your business, to maintaining it once it’s up and running. One of the most important aspects of starting a business is …

Uganda’s real GDP expanded 4.9% y/y in Q2 22, marginally weaker than the prior quarter’s 5.1%, following a marked moderation in import taxes. The pace of growth is anticipated to slow in H2 2022 as households navigate a higher inflation and lending rates environment. Economic growth will average about 4.3% …

Kampala, Uganda | THE INDEPENDENT | The State Minister for Finance in charge of General Duties, Henry Musasizi has raised concerns over the country’s high fiscal deficit saying it’s worrying. Parliament in May this year passed a budget of 48.1 trillion shillings for the financial year 2022/23. However, out of the total …

Kampala, Uganda | THE INDEPENDENT | Two Uganda Revenue Authority employees have been awarded 400 million Shillings as compensation for the torture they were subjected to while in detention. The two employees; Robert Asiimwe Akanga, a Customs Officer and driver Stevens Kalenga were separately arrested on allegations of stealing USD …

Kampala, Uganda | THE INDEPENDENT | There is a need to ammend the law on property rates to allow for more time within which property owners can file complaints arising from property valuation, the head of Kampala City Valuation Court, Samuel Muyizzi Mulindwa has revealed. Property rates are paid by owners of …

Kampala, Uganda | THE INDEPENDENT | Youths from across the country have urged government to waive off taxes on youth enterprises that have been earmarked to benefit from the Parish Development Model (PDM). The youths made this call during a plenary meeting of the Fifth National Youth Parliament where they observed that …