Tag Archives: tax

But expert opinions diverge on the suggested tax measures aimed at bolstering the government’s spending strategy Kampala, Uganda | THE INDEPENDENT | Uganda government is proposing to raise spending by 10% to Shs 58.3 trillion in the upcoming FY 2024/25 amidst concerns of budget cuts including parliament. The proposed budget presented …

Kampala, Uganda | THE INDEPENDENT | The Uganda National Bureau of Statistics (UBOS) is seeking an additional Shs23.7 billion to settle tax obligations for 120,000 tablet computers procured for the upcoming national population census scheduled for May this year. The tablet computers cost Shs132 billion. With the Executive Director of UBOS, …

Kampala, Uganda | THE INDEPENDENT | The Ministry of Finance, Planning and Economic Development has issued a raft of measures it plans to use to raise more taxes next financial year, if approved by parliament. The proposals in the new tax amendment bills are already raising fears among the public that …

Mbarara, Uganda | THE INDEPENDENT | The Mbarara City Council executive committee has proposed to introduce the development permission tax. While presenting the draft estimates of the revenue and expenditure for the financial year 2024/25, the Secretary for Finance and Administration Ronald Taremwa told the council that the new tax is …

However, Auditor-General John Muwanga report faults the taxman for failing to collect taxes from gold exports Kampala, Uganda | THE INDEPENDENT | Uganda’s gold exports have seen a dramatic rebound, hitting US$2.3 billion last year following the government’s decision to lower export taxes, a move aimed at revitalizing trade that had …

Harare, Zimbabwe | Xinhua |  Zimbabwe’s Minister of Finance, Economic Development and Investment Promotion Mthuli Ncube on Thursday proposed a “wealth tax” that targets the country’s super-rich with an intention to use the funds earned from the new measure to upgrade urban infrastructure. Presenting the 2024 national budget statement to …

Kampala, Uganda | THE INDEPENDENT | President Yoweri Kaguta Museveni warned public officials against taxing innovations, saying that culprits will be dealt with, according to the law. According to the President, there’s no logic in taxing innovations when Uganda even gives tax holidays to products which are not a result of …

  Kampala, Uganda | THE INDEPENDENT | The Judiciary has asked members of the Tax Appeals Tribunal -TAT to always focus on facts in legal disputes before them other than dwelling in technicalities which scare away tax payers. According to the head of the Civil Division of the High Court …

Kampala, Uganda | THE INDEPENDENT | The Supreme Court rejected an appeal by Heritage Oil in the longstanding $435 million tax dispute with the Uganda Revenue Authority. Heritage Oil had filed an appeal at the Supreme Court seeking to block some of the arguments by the Uganda Revenue Authority in a …

Kampala, Uganda | AGENCIES | A new European law that imposes the first ever carbon border tax in the world comes into force in October 2023. It will be applied gradually over the next three years before it is fully implemented. A carbon tax is a type of levy imposed on …