Tag Archives: Musasizi

Kampala, Uganda | THE INDEPENDENT | The Minister of State for Finance (General Duties) Henry Musasizi, has defended the proposal to impose a 5% tax on the gross income earned by international digital companies in Uganda. Musasizi alongside other officials from the Ministry of Finance appeared before Parliament’s Finance Committee …

Kabale, Uganda | THE INDEPENDENT | A section of locals and stakeholders in Kigezi region are demanding that Henry Ariganyira Musasizi, State minister of Finance for general duties withdraws and apologises for his statement about the creation of Kabale City. On February 12, 2022, while at his thanksgiving ceremony at …

Rubanda, Uganda | THE INDEPENDENT | Administrators of schools in Rubanda district have disassociated themselves from reports that they benefited from iron sheets that were obtained from the Office of the Prime Minister by the State for Finance, in charge of General Duties, Henry Musasizi. The iron sheets were meant …

President Yoweri Museveni has once again said Ugandans need to shift to electric vehicles. COVER STORY | THE INDEPENDENT | In a televised address on July 20, the President said shifting to electric vehicles is one of the long lasting solutions Uganda needs to adapt to cope with the current …

NEWS ANALYSIS | THE INDEPENDENT | Uganda’s Sh48.13 trillion National Budget has been approved by Parliament today. The approved budget has increased by sh5 trillion from the current financial year budget. Over half of this money is expected to come from domestic revenue collection with Government targeting  a collection of …

Recurrent expenditure ✳️ Ministry of Finance Shs2.3 trillio, ✳️ Ministry of Defense and Veteran Affairs Shs1.2 trillion ✳️ Lands, Housing and Urban Development Shs503 billion Development expenditure ✳ Defence Shs2.3 trillion ✳ Ministry of Health Shs1.4 trillion ✳ Energy gets Shs1.4 trillion ✳ Uganda National Roads Authority Shs2.5 trillion Kampala, …

Supplementary Budget for FY 2021/2022 ➡Shs86.3bn for Office of the President to cater for external financing from EXIM Bank for the National Science, Technology, Engineering and Innovation Skills Enhance Project ➡Shs77bn for State House for classified expenditures, ➡Shs64.4bn for UPDF to facilitate Operation Shujaa in DRC and Shs87.5bn for operations …

Kampala, Uganda | THE INDEPENDENT | The Minister of State for Finance- General Duties, Henry Musasizi has withdrawn two tax Bills from parliament. The House has approved his request. The Bills are the Finance (Amendment Bill), 2022, and the Uganda Revenue Authority (Amendment) Bill, 2022. Under the Finance (Amendment Bill), 2022, the …

Kampala, Uganda | THE INDEPENDENT | The Parliamentary Committee on Finance, Planning and Economic Development has commenced scrutinising the new Tax Bills for the Financial Year 2022/23. The Minister of State for Finance for General Duties, Henry Musasizi, who on Friday, 29 April 2022 presented nine tax bills before the …

Kampala, Uganda | THE INDEPENDENT | Legislators on Parliament’s Finance Committee on Friday disagreed over a proposal by government to impose a flat rate of 12 percent on the gross rental income of individuals for a year of income. The proposal is under the Income Tax (Amendment) Bill, 2022 currently being …