Tag Archives: tax

Kampala, Uganda | THE INDEPENDENT | Kenyans will pay more for paints, resins and shoe polish on increased cost of kerosene, putting pressure on housing and furniture costs. The country’s Business Daily reported on Oct. 11 that the imposition of 8% value added tax (VAT) and Sh18 adulteration fee per litre …

Kampala, Uganda | THE INDEPENDENT | The government should work towards scrapping the 1% mobile money and Shs200 social media taxes in a bid to promote financial inclusion. This is the view of the Principle of Makerere University Business School, Prof. Waswa Balunywa. Balunywa, who was on Oct.08 speaking at a …

A tax which is not in pursuit of clear objectives is illogical and should be condemned COMMENT | JOSEPH BOSSA | Until recently, I had not taken much interest in taxation. My interest was aroused by the debate, now over shadowed by more hair-raising events happening in our fair land, regarding …

What reactions to social media tax reveals about attitudes Kampala, Uganda | RONALD MUSOKE | Frank Tumwebaze, the Minister of ICT and National Guidance is puzzled by the current resistance to the social media tax which his government recently introduced. “Why don’t you want to contribute to your economy?” says Minister …

AfDB hires Commissioner General to implement tax reforms in war-wrecked nation Kampala, Uganda | IAN KATUSIIME | South Sudan is a young nation beset with many troubles especially the continuous outbreaks of war. But that has not deterred Africa’s newest nation from building its institutions, with the National Revenue Authority being …

The new tax move will stifle economic recovery, kill innovation Kampala, Uganda | JULIUS BUSINGE | Uganda’s government is left with just a month to announce the new budget for the Financial Year 2018/19. But it appears there is bad news as government plans to increase taxes on products and …

Kampala, Uganda | PARLIAMENT UG | Government has tabled new proposals to the Tax Bills in a bid to lower the proposed Excise Duty on Over the Top Media Services (OTT) from Sh 200 to Sh100 per day. If carried, those who access and use OTT services, including WhatsApp platforms …

Kampala. Uganda | THE INDEPENDENT | The government proposal to reinstate corporation tax on Savings Credit and Cooperative Societies-Saccos has met stiff opposition from members of parliament. Corporation tax is a tax imposed on the net income of a company. Government proposes to levy the corporation tax on profitable Saccos with …

THIS WEEK: Museveni proposes tax on WhatsApp, Facebook Kampala, Uganda | THE INDEPENDENT | President Museveni has directed the Ministry of Finance to introduce taxes on social media platforms – WhatsApp and Facebook as a way of raising revenue. In a letter to the Finance Minister, the President expressed concern at …

Paris, France | AFP | IMF chief Christine Lagarde warned Saturday that economic stimulus from US tax cuts may lead to a rapid rise in interest rates which would weigh on countries with high debt levels. The International Monetary Fund was going to be “attentive” to the consequences of the …