A renewed parliamentary push to review taxes on mobile money has reignited debate over whether Uganda’s tax regime is making digital financial services more expensive and slowing the country’s drive towards financial inclusion. The debate follows recent amendments to the Income Tax Act introducing a 10 per cent final withholding tax on commissions earned by telecommunications agents. Although the tax …
Read More »Tag Archives: Taxes
Museveni Rejects New Gaming & Plastic Taxes, Flags Loopholes & Economic Risks
Viewers: 90,006 By Spy Uganda President Yoweri Kaguta Museveni has declined to assent to two major fiscal proposals passed by Parliament, citing concerns that some amendments could create unfair tax treatment, encourage revenue losses and hurt investment and employment. The President returned the Income Tax (Amendment) Bill, 2026 and the Excise Duty (Amendment) Bill, 2026 to Parliament with reservations, …
Read More »SYSTEM CRASH CHAOS! URA Fires Indian Ledger System Firm — Staff Now Reconciling Taxes Manually
Panic, confusion and sleepless nights have reportedly gripped officials at the tax body, the Uganda Revenue Authority (URA), after the institution allegedly switched off a sophisticated tax ledger system and forced staff to revert to manual reconciliation of taxes. According to an explosive internal memo seen by insiders, URA management terminated the contract of an Indian technology company that had …
Read More »
pressug.com News 24 7