Banks Remain Profitable Despite Covid-19 Disruptions – BOU
A Bank of Uganda (BOU) report has revealed that Commercial Banks recorded profits to a…
Economy
COVID-19: Gov't Ignores Calls for Power Tariff Subsidy
Ugandans will not see the relief on the money they pay for electricity as Electricity…
World Bank to Uganda: Scrap Social Media Tax
The World Bank has called for the scrapping of over-the-top tax-OTT. It argues that the…
Uganda Gets another $300m World Bank Covid-19 Response Loan
The World Bank board has approved a $300 million (Shs 1.1 trillion) budget support operation…
URA to Tax Wealth, Inherited Property
Uganda Revenue Authority (URA) is proposing the imposition of inheritance and excessive wealth taxes as…
Uganda’s Debt Grew by 13.7% in 9 Months
Uganda’s debt burden has grown by 13.7 percent over the past nine months which has…
COVID-19 Donations to be Exempted from Tax
The government is proposing tax exemptions on all donations received towards combating the spread of…
Parliament Backs Mpuuga on Utility Bills Waiver
Parliament has passed a motion urging the government to waive the payment of water and…
Private Sector, CSOs Hail Gov’t for Tax Relief, Recapitalizing UDB
The Private Sector Foundation and Civil Society Organisations have welcomed the budget saying it reflects…
Museveni Explains the Purge at URA
On March 29, President Yoweri Museveni invoked his constitutional powers and sacked Doris Akol as…