• Home
  • About
  • Join Us
  • Contact
93.3 KFM
  • Home
  • Hot Seat
  • News
  • Business
  • Health
  • Sports
  • Lifestyle
  • Events
  • Contact Us
  • Promotions
  • Presenters
  • Photo Gallery
No Result
View All Result
  • Home
  • Hot Seat
  • News
  • Business
  • Health
  • Sports
  • Lifestyle
  • Events
  • Contact Us
  • Promotions
  • Presenters
  • Photo Gallery
No Result
View All Result
93.3 KFM
No Result
View All Result
Home News

New tax measures draw mixed reactions from CSOs, stakeholders

Ritah Kemigisa by Ritah Kemigisa
April 26, 2019
in News
0
New tax measures draw mixed reactions from CSOs, stakeholders
0
SHARES
15
VIEWS
Share on WhatsAppShare on FacebookShare on Twitter

 

By Moses Kyeyune

Civil Society, tax experts and manufacturers have expressed mixed reactions on the new tax measures proposed by the government for the next financial year.

The different stakeholders were appearing before Parliament’s Committee on Finance on (Thursday) to give their take on the tax proposals introduced by the government.

One of the most contentious issues is the introduction of a 6 percent withholding tax on the acquisition of assets, as well as a new 0.5 percent tax on perpetual declaration of losses by large scale investments enjoying tax holidays.

The government also wants to slap rental tax on every (single) unit from real estate operators.

Whereas the civil society under the Tax Justice Alliance Uganda has welcomed the move, manufacturers from the Uganda Manufacturers association led by the executive Director Richard Mubiru have decried the move as unfair, and risks breeding non compliance due to huge tax burdens.

In an related development, PricewaterhouseCoopers Director, Francis Kamulegeya has asked lawmakers on the committee of Finance to expunge any provisions aimed at multiple taxation, fearing that they can harm the tax basket.

 

Previous Post

Procurement for 3rd cancer machine underway

Next Post

EC yet to receive funds to roll out its 2021 road map activities

Next Post
Electoral Commission Yet To Receive Mbabazi Letter

EC yet to receive funds to roll out its 2021 road map activities

CATEGORIES

  • Business
  • Entertainment News
  • Health
  • HotSeat
  • Lifestyle
  • National News
  • News
  • PHOTO GALLERY
  • Sports
  • World News
Uganda’s tourism gets boost with Matt B’s donation Grammy Awards to Museum

Uganda’s tourism gets boost with Matt B’s donation Grammy Awards to Museum

July 25, 2025
Judiciary holds special Supreme Court session in honour of late Justice Kanyeihamba

Judiciary holds special Supreme Court session in honour of late Justice Kanyeihamba

July 23, 2025
State House Anti-Corruption Unit intercepts fraud racket targeting foreign investor

State House Anti-Corruption Unit intercepts fraud racket targeting foreign investor

July 23, 2025
93.3 KFM

Kampala's #NumberOne radio station for better information and the best music ! KFM is a subsidiary of Nation Media Group;
@NationMediaGrp

© 2024

No Result
View All Result
  • Home
  • Hot Seat
  • News
  • Business
  • Health
  • Sports
  • Lifestyle
  • Events
  • Contact Us
  • Promotions
  • Presenters
  • Photo Gallery

© 2024