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Finance Defends Fuel Tax Increase
State Minister for Finance, Henry Musasizi, has defended the government's decision to implement increased levy on fuel.
Government proposes a sh100 additional levy on each liter of fuel, increasing the tax on fuel items such as petrol…
Lamwo Farmers Adapt Beekeeping to Transforms Livelihoods
Farmers' groups in Lamwo district are utilizing apiculture to enhance their household income.
Lamwo, one of the refugee-hosting districts, faces resource constraints due to the substantial refugee population it hosts.
To mitigate the…
Kampala Traders Protest Harsh Trade Policies
Kampala traders, organized under various trade groups, staged a peaceful demonstration on Monday, April 8, 2024, to voice their dissatisfaction with the alleged harsh trade policy enforced by the Uganda Revenue Authority (URA).
The trade…
KACITA Halts Planned Demonstrations
The Kampala City Traders Association (KACITA) has called off the planned traders’ demonstrations scheduled for Monday, April 8, 2024.
Thadeus Musoke Naggenda, the Chairperson of KACITA, announced that all traders in Kampala are free to…
SHIPU Consults on Investment Licensing Policy Reforms in Uganda
The State House Investors Protection Unit (SHIPU) convened a stakeholders' consultation meeting regarding the minimum capital requirements for investment licensing in Uganda.
During today's meeting at the State House Investors Protection…
Government Seeks Alternative Revenue Sources Amidst Global Credit Market Hurdles
The Minister of State for Finance, Henry Musasizi, has announced that the government aims to generate UGX1.9 trillion from newly proposed taxes on cement, fuel, land transactions, and mineral water. This revenue will contribute to funding a…
Deputy Speaker Tayebwa Backs BOU to Reject Foreign Nominee CEO to Stanbic Bank
Deputy Speaker, Thomas Tayebwa has backed the position of the Bank of Uganda to reject a foreign national nominated by the Standard Bank Group, to replace the former Chief Executive Officer (CEO) for Stanbic Bank Uganda, Anne Juuko.…
Gov’t Proposes Sweeping Changes to Excise Duty Rates and Tax Exemptions
The Ministry of Finance has set forth a comprehensive proposal to amend the Excise Duty Act, introducing a range of changes aimed at reshaping tax policies to both stimulate certain sectors and increase revenue streams for the government.…
UNBS to Verify Used Vehicle Imports Effective April 2nd
The Uganda National Bureau of Standards (UNBS) has announced tighter regulations for the importation of used motor vehicles into Uganda.
This is in a bid to ensure public safety and environmental protection. UNBS has made it mandatory…
Kiira Motors Proposes 524 Billion Shillings Budget for Indigenous Mobility Enterprise
Kiira Motors Corporation, a budding indigenous mobility enterprise in the country has presented a 524 billion Shillings proposed business investment budget to the Presidential Affairs Committee of Parliament.
It was contained in the…