Kampala, Uganda | THE INDEPENDENT | Uganda’s formal tobacco Industry continues to be impacted by a growing trade in illicit products, attributed to government policies which are otherwise aimed at protecting the industry. These include the implementation of anti-smoking regulations as well as the tax measures that are largely aimed at …
Read More »UNBS scraps audit, surveillance fees for Q-Mark
Kampala, Uganda | THE INDEPENDENT | The Uganda National Bureau of Standards has reduced the cost of certifying a product, following continuous complaints from manufacturers. UNBS has also phased out some costs altogether including Initial Audit Fees of 250,000 Shillings and Surveillance Audit Fees of 250,000. Sylvia Kirabo, the Head …
Read More »MPs want 30 percent tax levied on health workers risk allowance scrapped
Kampala, Uganda | THE INDEPENDENT | Members of Parliament on the COVID-19 task force have asked the government not to deduct 30 percent off the risk allowances for health workers deployed in the COVID-19 Treatment Units- CTU. The MPs who are on the nationwide tour to assess Covid-19 management capacities in …
Read More »Can EAC partner states have centralized tax system?
Kenya charges 16% VAT while the rest impose 18% on products produced within their countries | THE INDEPENDENT | Uganda’s finance ministry and Uganda Revenue Authority executives have agreed that there is need to centralize collection of revenues within the East African Community. This, they say, will play an important …
Read More »Gulu city starts property valuation to boost local revenue
Gulu, Uganda | THE INDEPENDENT | Gulu City Council has started valuation of all properties to be taxed in the next five years. Gulu City’s revenue collection for the financial year 2020/2021 was projected at 4.7 Billion Shillings but only 1.8 Billion Shillings was realized. Geoffrey Oyoo, the Gulu City senior …
Read More »Gov’t, civil society call for joint tax revenue collection in EAC
Kampala, Uganda | THE INDEPENDENT | The Ministry of Finance, Planning and Economic Development and the Uganda Revenue Authority have agreed that there is a need to quickly centralize the collection of government revenues within the East African Community. Article 32 of the EAC Common Market Protocol provides for the harmonization …
Read More »FDC urges Ugandans to rise against new taxes, increasing public debt
Kampala, Uganda | THE INDEPENDENT | The opposition Forum for Democratic Change (FDC) has implored Ugandans to rise up against some of the newly approved taxes by parliament and the increasing public debt. Recently, parliament approved a Shillings 100 levy on a litre of petrol and diesel. Harold Kaija, the Deputy …
Read More »FULL SPEECH: President Samia Suluhu cuts PAYE, promises Tanzanians more
Mwanza, Tanzania | THE INDEPENDENT | President Samia Suluhu Hassan has taken a decision to cut taxes on workers pay despite Tanzania’s economic growth slowing from 6.9% to 4.7%. Government will promote at least 85,000 workers, but she however says the economy cannot yet afford a general salary increase. …
Read More »Property valuation appeals delay local revenue collection in Mukono
Kampala, Uganda | THE INDEPENDENT | The increasing number of appeals on property valuations by Mukono municipal authorities is affecting the timely collection of revenue. Mukono municipality valued buildings and working spaces in 2019 with an intention of expanding its local revenue base. However, the big institutions and factories in Namanve industrial …
Read More »Kyagulanyi loses bid to block URA from re-assessing vehicle
Kampala, Uganda | THE INDEPENDENT | Kyadondo East Member of Parliament Robert Kyagulanyi Ssentamu has lost his bid to block Uganda Revenue Authority (URA) from recalling his vehicle for a reassessment. His application was dismissed on Tuesday by the Deputy Head of High Court Civil Division Judge Emmanuel Baguma. …
Read More »