Tag Archives: taxes

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 …

Kampala, Uganda | THE INDEPENDENT | Experts have cautioned Uganda and other East African countries to go slow on the implementation of taxation of digital services. This comes as the countries prepare to join 133 others around the world to implement the Digital Services Tax (DTS) in line with the …

Kampala, Uganda | THE INDEPENDENT | The National Unity Platform-NUP party president Robert Kyagulanyi Ssentamu has asked the government to suspend taxes on crude vegetable oil and wheat. According to Kyagulanyi, the majority of the common people in the ghettos largely survive on meals made from wheat and oil, which are …

Kampala, Uganda | THE INDEPENDENT | Experts and think-tanks have warned the government against introducing policies aimed at mitigating the effects of rising commodity prices, but also blamed it for poor management that has allowed the current situation to escalate. Until now, the government has rejected any suggestions that it introduces …

Kampala, Uganda | THE INDEPENDENT | Chinese doing business in Uganda have today engaged the Uganda Revenue Authority (URA) seeking clarification on several tax administration concerns, most notably how to get tax exemptions. In the meeting with URA officials, the business community under the Chinese Chamber of Commerce, Uganda SINOCHAM …

Kampala, Uganda | THE INDEPENDENT | Parliament has rejected the government’s proposed extension of the corporate income tax exemption for the Bujagali Hydro Power Project by 5 years. Parliament agreed to grant an exemption for only 1 year up to 2023. The decision was taken on Wednesday during a debate …