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Business
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Parliament Grapples with Fuel Tax Hikes and VAT Changes Amid Controversy
Parliament adjourned today without reaching a conclusion on the excise duty tax related to fuel increments.
Lawmakers debated the value added tax, particularly concerning donations subject to taxation. They argued that exempting…
Coffee Farmers Celebrate Surge in Prices, Gear Up for Expansion
Coffee farmers across the country are ecstatic due to a significant surge in coffee prices.
The current farm gate price for a kilogram of Robusta coffee (FAQ or Kase) stands at Shs125,000, a substantial increase from Shs6,500 last year.…
Residents of Bata Sub-County Dokolo District Advised on Enterprise Selection for PDM
The residents of Bata sub-county in Dokolo District have been advised to prioritise right enterprise selection if they are to fully benefit from the Parish Development Model (PDM) program.
This was revealed by the Special Presidential…
Feasibility Studies Commence for Transnational Expressway Linking Uganda, Kenya
In a bid to enhance regional connectivity and trade facilitation, the feasibility studies for a transnational expressway linking Uganda and Kenya are set to begin.
The project, spanning 256 kilometers, will traverse from Kakira in Jinja…
Tax Justice Alliance Disagrees with Proposed Tax Amendments
The Tax Justice Alliance Uganda has voiced its disagreement with several proposals outlined in the five tax amendment bills recently tabled before parliament as part of the 2024/2025 budget process.
These bills aim to increase tax…
BoU moves to enforce national ID use in mobile money withdrawals
While many welcome the move as a step towards curbing cybercrime, experts warn of potential challenges with identity verification.
URA to Establish Dedicated EFRIS Office in Downtown Kampala
The Uganda Revenue Authority (URA) has announced plans to establish an office in downtown Kampala, commonly known as Kikuubo, dedicated solely to providing Electronic Fiscal Receipt and Invoicing Services (EFRIS) to traders and taxpayers.…
Mbarara City Boda Boda Elections Suspended Amidst Protests
The elections for the top leadership of the Boda Boda riders in Mbarara City have been halted by authorities following protests and the storming of the City Council offices by a group of riders.
The proposed election method, using…
Ministry of Finance Considers Tax Penalty Waiver for Traders
During a meeting between the Ministry of Finance, Planning, and Economic Development and Kampala traders, Minister Matia Kasaija pledged to consider waiving penalties for traders with outstanding EFRIS fines to promote compliance.
He…
8 Suspects Arrested in Kampala Protests
Eight people have been apprehended and detained in connection with alleged incitement to violence in the Kampala Metropolitan area.
The arrests were made following reports of planned demonstrations and concerns over potential unrest.…