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Published 1 month ago

Controversy Surrounds Government’s New Tax Plans

Summary by The Ankole Times

The government is defending a series of new taxes that could increase the cost of living if approved. These proposed taxes are outlined in five sets of tax Bills: the Excise Duty Amendment Bill, 2024; Stamp Duty Amendment Bill, 2024; Income Tax Amendment Bill, 2024; Value Added Tax Amendment Bill, 2024; and Tax Procedures Code Amendment Bill, 2024. The State Minister of Finance, Mr. Henry Musasizi, introduced these proposals last Thursday, which…

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The Ankole Times

Controversy Surrounds Government’s New Tax Plans

The government is defending a series of new taxes that could increase the cost of living if approved. These proposed taxes are outlined in five sets of tax Bills: the Excise Duty Amendment Bill, 2024; Stamp Duty Amendment Bill, 2024; Income Tax Amendment Bill, 2024; Value Added Tax Amendment Bill, 2024; and Tax Procedures Code Amendment Bill, 2024. The State Minister of Finance, Mr. Henry Musasizi, introduced these proposals last Thursday, which…

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