MPs fight over new income tax proposed by URA

MPs fight over new income tax proposed by URA

A government proposal to charge income tax from loss making entities has led to an angry debate in the Finance Committee of Parliament today. The proposal tabled before the committee last week by the State Minister in charge of planning David Bahati seeks to charge a 0.5% tax on the gross turnover for every year […]

Govt to spend Shs500 billion on monitoring social media tax

Govt to spend Shs500 billion on monitoring social media tax

Government has announced it will come up with a system that will require all social media sites operating in Uganda to pay tax to the state. Addressing journalists at Uganda Media Centre, Minister in charge of Economic Planning David Bahati says Shs500 billion has been set aside to put in place a monitoring system. He […]

Scrutinizing Uganda’s Shs29 trillion Budget for 2017/18 FY

Scrutinizing  Uganda’s Shs29 trillion Budget for 2017/18 FY

State Minister of Finance David Bahati has submitted Shs28.9 trillion proposed budget estimates 2 Parliament for 2017/18 FY. Hon. Bahati says the economy is expected to grow at a rate of 6-7% in 2017/18 financial year due to reduced cost of electricity and doing business in key infrastructure. 75.4% domestic financed budget seeks to have […]

Ms. Museveni’s ministry hit by Shs14 billion scandal, spent Shs168M on one teacher in single day

Ms. Museveni’s ministry hit by Shs14 billion scandal, spent  Shs168M on one teacher in single day

As the country is still coming to terms with the Shs6 billion oil cash payout, another scandal has been unearthed in the Ministry of Education. According to available information, the Ministry of Education spent Shs14 billion on a single workshop that was intended to skill teachers of vocational training schools ( BTVET). This misappropriation was […]