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April 7, 2021 Written by URN The ministry of Finance has proposed an annual license fee of Shs 200,000 for all car owners as part of the revenue sources to fund the FY 2021/2022 budget. State minister of Finance David Bahati, says that the move is intended to streamline the transport sector by getting rid of illegitimate cars and raising money for the maintenance of roads across the country. According to the breakdown, car owners will pay Shs 200,000 while motorcycle owners will pay Shs 50,000 annually. Bahati was today defending the new tax bills before the parliament s finance committee chaired by Henry Musasizi. If passed, the proposal will come into effect on July 1, 2021. It is embedded in the Traffic and Road Safety Act (Amendment) Bill, 2021 whic

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