Uganda Civil Aviation Authority (UCAA) reveals that Entebbe International Airport handled 80,719 arriving and 91,271 departing passengers which is a total of 171,990 international passengers; an average of 5,548 passengers per day in March, 2024. This is an average of 2,009 more passengers than was handled per day in March 2023.The Authority also revealed that […]
The 2024/25 national budget will be read to the nation on 13th June 2024, following confirmation by President Yoweri Museveni, the Speaker of Parliament, Anita Annet Among, reveals.“This morning, I got the confirmation from President Museveni on the State of Nation Address. The State of Nation Address will be on 6th June 2024 and the […]
The Speaker of Parliament, Anita Annet Among, has revealed that Parliament will start the consideration of the proposals in the Tax Bills this week.The proposals to be considered include a government plan to impose a 5% capital gains tax on non-business assets such as land and rental properties in cities and municipalities.A proposal to impose […]
President Yoweri Museveni will meet technocrats from the Ministry of Finance, Planning and Economic Development and Uganda Revenue Authority (URA) on the 24th, April 2024 to consult on the implementation of the Electronic Fiscal Receipting and Invoicing Solution (EFRIS).The President’s decision to meet the finance ministry and URA officials comes after the country’s leader met […]
The State House Investors Protection Unit (SHIPU) has conducted a stakeholders consultation meeting on the minimum capital requirements for investment licensing in Uganda.During the meeting held at the State House Investors Protection Unit Offices in Kampala, the unit head, Col. Edith Nakalema said SHIPU noted that there was a gap in having a clear investment […]
The State House Investors Protection Unit (SHIPU) and the Uganda National Chamber of Commerce and Industry (UNCCI) officials met and discussed partnership opportunities, aimed at promoting investments in Uganda. During a meeting held at the State House Investors Protection Unit Offices in Kampala, the unit head, Col. Edith Nakalema commended the leadership of UNCCI for […]
The Minister of State for Finance, Henry Musasizi, has revealed that government intends to generate Shs1.902Trn from the recently proposed taxes on cement, fuel, land transactions, mineral water etc, in order to finance the Shs58.340Trn budget for 2024/25 financial year. Musasizi made the remarks while appearing before Parliament’s Budget Committee where he had been summoned […]
President Yoweri Museveni has tasked leaders at all levels to preach the gospel of household income generation to the masses in order to uplift communities.The Presidenet who was hosting a group of exemplary farmers from the nine villages of Gomba and Sembabule Districts at his Kisozi farm on Tuesday, 2nd April, 2024 underscored the importance […]
The State Minister of Finance for Investment and Privatization, Evelyn Anite, has tipped investors not to be duped into buying land in Namanve Industrial Park in Mukono district because it is free.The minister also indicated that he had opened criminal cases against people who give fake titles on Uganda Investment Authority (UIA) land to Ugandans […]
The government of Uganda has in the Excise Duty Amendment Bill 2024 that was tabled before Parliament by the Ministry of Finance proposed a number of taxes.Tax on disposal of non-business assetsThe government has proposed to impose a 5% withholding tax on gains earned from the sale of land in cities & municipalities, the sale […]
