Kampala, Uganda | THE INDEPENDENT | The Secretary to Treasury, Ramathan Ggoobi, has told MPs that the Ministry of Finance is in the process of streamlining tax incentives to ensure their effective implementation. Ggoobi was on Thursday appearing before Parliament’s Finance Committee together with the Minister of State for Planning, Amos …
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Kampala, Uganda | THE INDEPENDENT | The business community might have to forget the tax incentives that the government offered them to mitigate the effects of the COVID-19 pandemic on their businesses, as there is no necessary legislation to enable their enforcement. The 2020/2021 budget was delivered under the theme: …
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Kampala, Uganda | THE INDEPENDENT | Investors seeking to enjoy tax incentives will have to meet tighter requirements, MPs have resolved. During consideration of the Stamp Duty (Amendment) Bill 2020, MPs decided to increase the threshold for those seeking to benefit from incentives to employ 70 percent of Ugandans who should …
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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 …
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