Tag Archives: tax

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 …

There is more of expanding markets than harmonization, experts say Kampala, Uganda | JULIUS BUSINGE | The East African member states have been urged to tangibly manage debt and harmonise tax regimes to support growth of the East African Community. Speaking at a dialogue, on Feb.11 held in Kampala, under …

Kampala, Uganda | THE INDEPENDENT | The Uganda Revenue Authority posted a revenue shortfall of 690.3 Billion Shillings in the first four months of the 2021/22 financial year with all tax-heads registering shortfalls except stamp duty. This meant that the government also had to adjust expenditure programs in line with the …

Kampala, Uganda | THE INDEPENDENT | The Supreme Court has dismissed an appeal by businessman Hassan Basajjabalaba that was challenging the orders of the Constitutional Court to have him and his brother tried for conspiring to defeat tax laws. In a majority judgement of six Judges against one, the Supreme …

Kampala, Uganda | THE INDEPENDENT | The Uganda Commercial Fish Farmers Association (UCFFA) has appealed for changes in the new Fisheries and Aquaculture Bill, 2021. The farmers want Parliament to repeal the provision within the Bill that attaches a tax to movement of farmed fish which they said is already catered for …

Washington, U.S. | Xinhua | Three key U.S. Democratic senators on Tuesday released a proposal for a minimum tax on corporate profits to help pay for President Joe Biden’s economic agenda. The proposal, released by Senate Finance Committee Chairman Ron Wyden and Senators Elizabeth Warren and Angus King, would create a …

Arua, Uganda | THE INDEPENDENT | The family of a 23-year-old man who was shot by a Uganda Revenue Authority (URA) enforcement officer in Arua district are demanding Sh15 million in compensation. Phillian Anguni, a resident of Anzuu village in Vurra sub-county Arua district was shot on the right thigh …

New policies will no doubt deter tourism arrivals and further dampen appetite for travel in an environment that is now more expensive due to added cost of COVID tests COMMENT | DEREK NSEKO | News that the Uganda parliament has okayed a $10 tax on outbound passengers from Uganda comes as …

Kampala, Uganda | THE INDEPENDENT | Dealers in imported garments have got some reprieve, after the Minister for Finance, Planning and Economic Development Matia Kasaija announced a waiver of some tax on the goods. In the budget for the financial year 2021/2022 read last month, the minister introduced an import duty …

Kampala, Uganda | THE INDEPENDENT | The government has started implementing the new 12% excise duty on airtime and internet data, among other fiscal measures for the year 2021/2022 that started Thursday. The new tax was part of the amendments in the Excise Duty Act and replaces the Over the …