There will be no more levying of direct taxes on individuals due to the cumbersome nature of collecting them. Finance Minister Matia Kasaija says government is now only looking at indirect taxes because they are easy for the government to collect. Kasaija told some journalists days before the budget was …
Read More »ECONOMY: Museveni optimistic Kasaija’s budget will deliver
President Yoweri Museveni has reassured the country that recent investments in infrastructure across the country is the right foundation needed for the country’s economy to boom again. “I am very optimistic because for the first time we have got a base which we have not had before,” Museveni said in his remarks …
Read More »Today is national budget speech day
The Minister of Finance, Planning and Economic Development Matia Kasaija will today present the financial year 2017/18 national budget which is expected to hit Shs29 trillion up from last year’s Shs 26.3 trillion. Kasaija will read the budget to parliament on behalf of President Yoweri Museveni who will later comment …
Read More »Uganda’s 2017/ 18 budget
Business leaders want economic reforms to boost the economy Planned government borrowing and increased taxes to fund the Shs29 trillion budget for financial year 2017/2018 have left investors and business leaders worried about the coming year, ahead of the budget announcement next week, an informal survey by The Independent has …
Read More »SH29 TRILLION: What are the key issues in the proposed Uganda budget?
Budget provided biggest share of Sh4.6 trillion to the works and transport sector representing 21%. The Sh29 trillion national budget approved by Uganda’s Parliament on Wednesday provides its biggest share to the works and transport sector with an allocation of sh4.6 trillion representing 21%. While presenting the financial year …
Read More »Kasaija convinces parliament to pass Shs29 trillion budget
Uganda’s Parliament has passed a Sh29 trillion budget for fiscal year 2017-18 on deadline day Wednesday despite stiff opposition to the amount of loans. Parliament only moved to consider the Appropriation Bill,2017 which is the final stage of the budget process, after the Deputy Speaker suspended The House for 15 minutes …
Read More »Will URA achieve the Shs420bn revenue target from small businesses by 2018/19?
The taxman plans to increase sentisation to meet targets of the program Last financial year, Uganda Revenue Authority (URA) set an ambitious target to collect Shs420bn from small businesses across the country but preminary performance shows that it is likely not to be as expected. Data from the URA shows …
Read More »Museveni locked in intelligence fight
Reports on Tumukunde, Kayihura, Muhwezi, Muhakanizi In the wee hours of May 9 this year, President Yoweri Museveni was slated to travel to Jinja. But before he could embark on his trip there, he held a key meeting. The meeting was to discuss findings from an investigation he had asked …
Read More »BUSINESS: Uganda’s rice politics
Tax waiver on brown rice is meant to reduce its price from Shs 4,500 to Shs 3,000 per kilogramme The good news for rice consumers in Uganda is that if the Ministry of Finance, Planning and Economic Development sticks to its guns to have unprocessed rice commonly known as “brown …
Read More »Uganda to open investment office in Doha, Qatar
Uganda plans to open an investment office in Doha, Qatar to facilitate prospective investors with information on trade, investment opportunities and to promote tourism. “Uganda will open an investment office in Doha. It will be part of Uganda’s Embassy in Qatar andwill also work on the promotion of tourism,” said President …
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