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Last month, taxes on international trade transactions registered the biggest shortfall of Shs226.67 billion having amounted to Shs761.50 billion against a target of Shs988.16 billion
Ministry of Finance officials said in the performance of the economy monthly report for last month, which was released on December 18 that domestic revenue collections amounted to Shs2.131t
President Yoweri Kaguta Museveni has said that the government will continue protecting local manufacturers from unfair competition with their foreign counterparts. “Protection of local industries; that one must be done, and we need to start with other East African countries to promote the local industries by putting taxes on the imported final products and at