Kampala, Uganda | THE INDEPENDENT | Parliament’s Budget Committee on Wednesday encountered difficulties in finalizing the budget after discovering inconsistencies in figures presented by the Finance Ministry in the additional budget. Chaired by Ntenjeru North MP Amos Lugoloobi, the Budget committee convened to scrutinize the additional 929 billion shillings in allocations presented …
Read More »South Sudan sets up verification committee for unpaid Ugandan traders
Kampala, Uganda | THE INDEPENDENT | The Government of South Sudan has set up a committee to verify the authenticity of unpaid Ugandan traders, who supplied goods to South Sudan. This was revealed by the South Sudan’s Deputy Minister of Finance and Planning, Goc Makauc Mayol, during a meeting with …
Read More »Parliament defers debate on proposal to write off UGX 499Bn tax arrears
Kampala, Uganda | THE INDEPENDENT | The Deputy Speaker of Parliament Jacob Oulanyah deferred debate on the Tax Procedures Code (Amendment) Bill, 2019 on Tuesday afternoon. Through the bill, government is seeking approval from parliament to write off tax arrears amounting to Shillings 499 billion. The Finance Ministry tabled the Bill …
Read More »Uganda Road Fund budget increased
Kampala, Uganda | THE INDEPENDENT | Parliament has increased the budget for Uganda Road Fund-URF from 36 billion shillings to 507.4 billion shillings. The decision was based on a recommendation in the physical infrastructure committee report on the need to reinstate the Fund’s budget to over 500 billion shillings as in …
Read More »MPs oppose proposal requiring landlords to file separate returns for properties
Kampala, Uganda | THE INDEPENDENT | A section of legislators on the Finance Committee of parliament have opposed government’s proposal to compel landlords and companies with more than one property to declare income from each asset separately. The proposal that seems to be an attempt by authorities to catch landlords, who …
Read More »Proposal to exempt tax on aircraft insurance upsets MPs
Kampala, Uganda | THE INDEPENDENT | A move by government to exempt the supply of aircraft insurance amid efforts to revive the National Airline has upset Members of Parliament. The proposal to amend the Value Added Tax Act for this purpose was on Wednesday afternoon tabled before the Finance committee …
Read More »Gov’t renews proposal to tax loss making businesses
Kampala, Uganda | THE INDEPENDENT | Officials from the Finance Ministry faced difficulty explaining a proposal by government to tax businesses that have been making losses for seven consecutive years. This same proposal was last year rejected by parliament. Ministry of Finance officials led by the State Minister of Finance …
Read More »Gov’t proposal to write off UGX 426Bn tax arrears raises queries
Kampala, Uganda | THE INDEPENDENT | Officials from the Finance Ministry on Wednesday failed to convince Members of Parliament sitting on the Finance Committee about a proposal for government to write off tax arrears amounting to 426 billion shillings. The figure is out of the 2.6 trillion shillings tax arrears …
Read More »Land probe seeks extra Sh3bn
Mombasa, Kenya | THE INDEPENDENT | The government has tabled a supplementary budget before parliament to allocate sh3 billion to the Commission of Inquiry into Land Matters chaired by Justice Catherine Bamugemereire. The Minister of State for Planning, David Bahati says they received a request for extra funding from the …
Read More »Minister Bahati grilled over Uganda-South Sudan traders compensation
Kampala, Uganda | THE INDEPENDENT | A Select Committee of Parliament has today quizzed the State Minister for Planning, David Bahati over the selective implementation of a parliamentary resolution regarding payment of Ugandan Companies which supplied goods to South Sudan. Bahati’s appearance follows payment of 40 billion Shillings to only …
Read More »