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 …
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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 …
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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 …
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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 …
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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 …
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Kampala, Uganda | ISAAC KHISA | Products of cigarette maker, British American Tobacco (BATU) manufactured at its Kenyan subsidiary in the East African Community will now be exempted from Uganda’s excise duties. This follows a ruling in the East African Court of Justice (EACJ) on Jan 25, barring the Uganda revenue …
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Paris, France | AFP | Apple has filed a lawsuit against the Attac activist group after about 100 of its supporters occupied the tech giant’s flagship store in Paris last month, protesting alleged “wide-scale tax evasion” by the firm. An Apple spokesman told AFP on Thursday that while it respected …
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Kampala, Uganda | JULIUS BUSINGE | The East African Revenue Authorities are facing similar challenges – a small tax base because of a huge informal sector, tax evasion, limited human resource personnel and volatile economy. Others are poor information technology systems and connectivity, political uncertainties and delays in dispute resolution. In …
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Four things the Paradise Papers tell us about global business and political elites and what needs to change COMMENT | RONEN PALAN | The so-called Paradise Papers may sound familiar – leaked documents from a law firm that specialises in offshore services reveal how the global elite avoids paying taxes. Even …
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Foreign Minister fingered in dodgy deal in Seychelles Kampala, Uganda | HAGGAI MATSIKO | Days after it emerged that Foreign Affairs Minister Sam Kutesa set up a company in a tax haven, the move continues to be scrutinised. Apparently, in 2012 Kutesa hired Appleby, a company renowned for creating offshore account …
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