Tag Archives: VAT

Kampala, Uganda | THE INDEPENDENT | The government will on Thursday announce the removal of Value Added Taxes on various products including liquefied petroleum gas (LPG) and the processed milk. The announcement is one of the measures contained in the 2020/21 financial year budget with an aim to boost the …

Kampala, Uganda |  THE INDEPENDENT | Parliament has resolved to exempt the Islamic Development Bank and a number of agricultural implements from taxes. Parliament resolved this on Wednesday during debate on the Value Added Tax (Amendment) Bill, 2020. The Legislators scrapped VAT on combine harvester, agricultural trailers, tractor mounted Hay mowers, …

Kampala, Uganda | THE INDEPENDENT  |  Ugandan milk crossing over to Kenya will be charged 16% Value Added Tax (VAT) as a measure to protect their local market. This week, Kenyan officials were in Uganda for a verification exercise to see whether the glut of milk entering their country was actually …

Kigali, Rwanda | AFP | Rwanda announced Wednesday it was scrapping an 18 percent value added tax on sanitary pads to make them cheaper for girls who are often forced to skip school during their periods. The country becomes the latest to drop the controversial tax which has increasingly infuriated women …

Kampala, Uganda | THE INDEPENDENT | Uganda Revenue Authority (URA) has effective 31st October 2019 cancelled Value Added Tax (VAT) registration of 1,693  taxpayers.  The 1,693 taxpayers have been relived of the duty to charge VAT on their supplies. URA has mainly targeted taxpayers who do not file monthly returns, or …

Kampala, Uganda | THE INDEPENDENT | President Yoweri Kaguta Museveni has used the Uganda Manufacturers’ Association (UMA) exhibition to blast the Uganda Revenue Authority (URA) leadership for not being forthcoming on the needs of the manufacturers. Museveni, who officially opened the show at Lugogo on Monday, first entered a closed …

Kampala, Uganda | THE INDEPENDENT |  The Public Accounts Committee (PAC) has directed Finance Ministry to start the process of renegotiating an agreement with an Edible Oil Refinery company-which is in the country to develop the palm oil industry. Government through the Finance Ministry in 2003 entered an agreement with the …

Kampala, Uganda | THE INDEPENDENT | Some companies leave the country immediately their tax incentives expire. This is according to a new study by the Economic Policy Research Centre-EPRC. A study conducted in April 2019 but examined tax incentives given to companies from 2010/2011 to 2018/19 financial years, shows that …

Kampala, Uganda | THE INDEPENDENT | Parliament has passed the Value Added (Amendment) Tax Bill, 2019 approving VAT exemption of imported mathematical and geometry sets used in schools. Members of Parliament in a plenary session chaired by Deputy Speaker Jacob Oulanyah approved the Finance Committee report recommendation slightly moving away from …

Kampala, Uganda | THE INDEPENDENT | Uganda loses between 30 and 39 percent of revenues that should be collected through Value Added Tax (VAT). This is contained in a research paper titled “The Value Added Tax Gap Analysis for Uganda” authored by Economic Policy Research Centre (EPRC) researchers Corti Paul Lakuma …