The suspect Police operatives from the Anambra State Police Command have arrested a syndicate who specialised in defrauding innocent traders using fake bank payment alerts. According to…
Daily Monitor
Friday May 07 2021
Some of rental shops in downtown Kampala. Lordlords fear that if they increase taxes, tenants will resort to operating businesses from the city outskirts. PHOTO/DAVID LUBOWA
Summary
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Property owners and tenants are up in arms against lawmakers for imposing 25 per cent rental income tax, effective July 1.
Dozens of landlords and tenants interviewed accused members of the 10th Parliament, whose term expires next week, of not consulting them as voters and real estate stakeholders.
The new levy is likely to result in increased rent as property owners will pass the cost onto tenants, who will desert commercial and residential buildings.