The Speaker of Parliament, Anita Annet Among, during a Parliamentary sitting on June 29, 2023, informed lawmakers that President Museveni had assented to six Bills that had been passed by …
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Parliament has imposed a tax on companies reporting losses for more than seven years with 50 per cent of the losses carried forward now being subject to tax in new …
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There have been public outcries over the alleged unfair taxation in Uganda that has led to closure of some businesses. However, the jigsaw puzzle of who actually pays is still …
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Banking & SavingsFinanceLatest NewsNewsTaxation
Ugandans to access interest free loans as Parliament passes Islamic Banking Bill
Parliament on Thursday passed the Income Amendment Bill and the Foreign Exchange Amendment Bill to pave way for the implementation and operationalization of Islamic banking financial products by commercial banks, …
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Recently the East African Community (EAC) Ministers of Finance held budget consultations in Arusha Tanzania and agreed to make some changes in the EAC taxation structure. To make regional industries …
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President Yoweri Museveni has returned the Income Tax Amendment Bill (2023) to Parliament for reconsideration. According to Museveni, the Bill requires a new clause to be incorporated in order to …
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Minister of State General Duties, Ministry of Finance Henry Musasizi has revealed by the end of FY 2023/24, Uganda’s Gross Domestic Product – GDP is projected to expand up to …
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As government grapples with how to raise more revenue to run its business, reduce donor dependence and invest in the public services that allow society and the economy to thrive, …
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The East Africa Community Customs Management Act (EACCMA 2004) as revised in 2009, refers to smuggling as the importation, exportation, or transfer or removal of goods into or out of …
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All passengers boarding-off at Entebbe International Airport are required to present themselves and their baggage in a baggage room for examination by the customs officials as provided for under Section …