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Banks Escalate Tax Fight to Finance Ministry over Govt Securities, Tax Losses, Transfer Pricing and Foreign Funding
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Banks Escalate Tax Fight to Finance Ministry over Govt Securities, Tax Losses, Transfer Pricing and Foreign Funding
Uganda’s commercial banks have escalated a widening tax dispute with Uganda Revenue Authority (URA) to the Ministry of Finance, warning that the contested measures could raise government borrowing costs, influence lending decisions and make foreign capital more expensive. In correspondence dated August 13, August 17 and September 10, 2026, Uganda Bankers’ Association (UBA) is pressing for clarity and a policy-level resolution, arguing that uncer…
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