Parliament has passed into law the Traffic and Road Safety Amendment Bill 2023, approving the proposal to increase fines for motorists driving beyond the prescribed speed limit, from Shs200,000 to Shs2M. It should be recalled that in April 2023, Minister of State for Finance (General Duties), Henry Musasizi tabled a series of tax bills, among
The Ministry of Finance in Uganda had suggested additional taxes on collective investment plans like unit trusts, but the countrys Parliamentary Committee on Finance, Planning, and Economic Development has rejected the idea. | Pulse Nigeria
By Prisca Wanyenya Come July 2023, all state prosecutors will start smiling their way to their banks after Parliament approved a proposal to amend Section 21(1)(q) of the Income Tax Amendment Bill 2023, to include Public Prosecutors as persons whose employment income should be exempt from tax. The decision followed a spirited request made by
The Income Tax (Amendment) Bill, 2023 had proposed a 5 percent tax on profits of members with less than Shs100m in contributions while 15 percent would apply to members with more than Shs100m
By Prisca Wanyenya The Ministry of Finance, Planning and Economic Development has backed off plans to impose tax on non-resident digital service providers, and instead asked for more time to conduct a study on its impact on Uganda’s economy. In April 2023, the Ministry of Finance tabled seven tax bills intended to raise revenue to