Daily Monitor
Tuesday March 09 2021
A woman walks past accommodation units. There are other instances employees need to be housed at their work stations. PHOTO/Eronie Kamukama
Summary
The law guides that the value of the accommodation benefit conferred on the employee is 15 per cent of the other employment income.
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Employers in Uganda sometimes offer accommodation to their employees. The employees may be housed in facilities owned or rented directly by the employers. Other times, employees are given an allowance from which they cater for their own accommodation. Employers also usually foot the cost of hotel lodging and temporary accommodation for their employees travelling for business purposes. There are tax consequences from the foregoing situations as this article highlights.
Daily Monitor
Tuesday March 02 2021
An oil well in Western Uganda. Intending bidders must therefore have in place elaborate national or local content plans. PHOTO | FILE
Summary
FID expected soon. FID is expected in the first half of 2021 or sooner. The oil companies will then embark on investing in the requisite infrastructure for crude oil production. Up to $20 billion is projected to be incurred on building the crude oil gathering and production facilities, refinery and crude oil pipeline. Oil companies are presently evaluating or reviewing proposals from potential contractors that will supply inputs and services to the project activities.
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Almost every person has entered into a contract in their daily lives. For example, in buying groceries from a supermarket, the parties agree to swap provisions with money. It is important for the parties to a contractual relationship to understand their rights and obligations.
Written contracts are easier to prove monitor.co.ug - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from monitor.co.ug Daily Mail and Mail on Sunday newspapers.
Daily Monitor
Tuesday February 09 2021
Resident persons are taxed on their world-wide income while non- residents are taxed only on income sourced in Uganda. PHOTO/COURTESY
Summary
It is illegal to enter, stay and work in Uganda unless the expatriate has a valid work/ residence permit or pass. Tax consequences for expatriates in Uganda depend on whether they are resident or non-resident, Denis Kakembo writes.
Expatriates are individuals employed in a foreign country. Global mobility of employees is common and encouraged. Companies with mobility programmes do not only attract new talent but also retain it. International companies in Uganda usually facilitate their employees to work in other countries as part of their talent development. As businesses ponder expatriate deployment decisions, this article highlights the key Ugandan compliance issues.
Daily Monitor
Tuesday February 02 2021
The opportunities that come with a formalised investment club outweigh the challenges that come with operating a business with no legal status. PHOTO | file
Summary
Investment clubs in Uganda are largely informal, without legal personality and only bound together by the trust the respective members have in each other
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No it is common nowadays for individuals to come together and pool resources for business through investment clubs.
These clubs are gaining traction as alternative sources of finances for small and medium enterprises in a country where the uptake of banking services that can unlock access to credit is very low.