President Museveni Engages Traders on Tax Policies and Local Industry Development

President Yoweri Kaguta Museveni addressed traders’ concerns regarding taxation during a meeting with them at Kololo Ceremonial Grounds on May 7, 2024. He disagreed with the notion that there are too many taxes in Uganda, emphasizing that the government’s tax policies are deliberate and aimed at fostering national development.

President Museveni highlighted the abolition of certain taxes, such as the export tax on coffee, to encourage trade and economic growth.

He clarified that internal trade products in Uganda are not heavily taxed, and taxes are imposed mainly on imported goods.

Museveni urged traders to consider engaging in local manufacturing and exportation to fully benefit from business opportunities.

He stressed the importance of supporting local industries to reduce reliance on imports and create job opportunities within Uganda.

Mr Museveni also addressed concerns raised by traders regarding the Electronic Fiscal Receipting and Invoicing Solution (EFRIS), assuring them that the government would work to fine-tune the system to better accommodate their needs.

He emphasized the importance of dialogue and collaboration between traders, government officials, and tax authorities to address challenges and promote a conducive business environment.

Various traders’ associations expressed gratitude for the opportunity to engage with President Museveni and raised concerns about high taxes, unfair banking practices, and challenges in setting up local industries.

They requested annual meetings with the President to address issues affecting their businesses and emphasized the need for supportive policies to encourage local investment and entrepreneurship.

Key government officials, including the Prime Minister and the Commissioner General of Uganda Revenue Authority, were present at the meeting to listen to traders’ concerns and discuss possible solutions.