Latest Posts

Parliament Grants 9.5 Bn In Tax Waivers To Selected Investors

Parliament has approved tax waivers amounting to over Shs9.5 billion for various local investors in the 2024/2025 financial year. This follows the adoption of a report by the Committee on Finance, Planning, and Economic Development, which assessed applications from institutions facing financial challenges.

Presenting the report on Thursday, 20 February 2025, Committee Chairperson Hon. Amos Kankunda outlined the tax liabilities of private businesses and universities seeking relief. The exemptions were granted under Section 40(1) of the Tax Procedures Code Act, 2014, which allows for waivers in cases of financial hardship or strategic economic importance.

The Minister of State for Finance (General Duties), Hon. Henry Musasizi, who moved the motion, assured the House that all entities receiving waivers had been thoroughly vetted and met the necessary criteria. However, Kankunda raised concerns about the long-term impact of tax exemptions, noting that Uganda had foregone Shs2.9 trillion in tax expenditures in the previous financial year, representing 12.5% of total revenue collected.

The approved tax waivers include:

Shs2.7 billion for J2E Investment Corporation Ltd, a construction company burdened by unpaid VAT due to government delays in settling project payments.

Shs931 million for M/S Nicontra Ltd, a road construction firm affected by Uganda Revenue Authority (URA)’s tax allocation rules.

Shs4.4 billion for Nkumba University, which has struggled with declining student enrollment and reduced tuition revenue.

Shs783 million for Busoga University, following the government’s decision to take over the institution.

Shs239 million for Makerere Business Institute, which faced tax compliance challenges due to the COVID-19 pandemic.

Shs77 million for Kisiizi Hospital Power Ltd, to support its role in providing affordable electricity to rural communities.

During the debate, Hon. Asuman Basalirwa (JEEMA, Bugiri Municipality) questioned the transparency of the selection process, raising concerns about whether such opportunities were widely accessible. “How does an ordinary business owner or farmer in remote areas know about these waivers?” he asked.

Speaker Anita Among responded by emphasizing that Members of Parliament have a responsibility to inform their constituents about available government programs and benefits.

Kampala Central MP, Hon. Muhammad Nsereko, suggested expanding tax relief measures to include small and medium enterprises (SMEs), particularly by waiving penalties that stifle economic growth.

Kankunda clarified that businesses or individuals seeking tax relief could apply directly through the Uganda Revenue Authority.

Loading

Don't Miss

EXPOSED! Muyenga Tycoon’s Maid Cited In Land Wrangle

In recent days, Muyenga, Y2K Zone a push Kampala suburb,

Parliament Orders Closure Of Fuelex Petrol Stations For Adulterating Fuel

The Parliamentary Committee on Trade And Industry led by Mbarara

Big Story: Parliament Probes UETCL Bosses Over Corruption, Mismanagement & Controversial UGX 28Billion Compensation Deal

Members of Parliament on the Committee on Environment and Natural

‘Back Off Buganda Land’ Kabaka Mutebi Castigates People Pushing For Abolition Of Mailo Land Tenure System

The Kabaka of Buganda Kingdom Ronald Muwenda Mutebi II has

Big Story: IGG Probes Over Shs1bn Ubos Fraud

The Inspector General of Government (IGG) is investigating top officials

EXPLOSIVE: How Speaker Kadaga & Confidant Hon. Okupa Spent Over US $764,000 (Shs2.8 BN) In-less Than 2 Years In Travels Abroad

Since taking office as Deputy Speaker of Parliament way back

Ham Vs DTB Appeal: Bank Of Uganda Runs Out Of Case, Leaves DTB To Carry Its Own Cross

Bank of Uganda has officially quit the case involving city

Amnesty International Joins Push To Free Presidential Runner Robert Kyagulanyi

The Ugandan authorities must immediately lift the police and military

Exporters Call For Strong Action Against EAC States’ Trade Barriers

Manufacturers have called on the government to impose tough measures

Big Story: How KCCA Officials Messed Up Youth Fund Programs, Stole Billions of Gov’t Funds In Shoddy Deals

Kampala: If there is any government Authority that frustrating President

I Predict Museveni, NRM Victory In 2021 Elections

By Faruk Kirunda Kampala: As we dive into the high

Crisis: Lord Mayor Lukwago Defies Court Order, Appoints Balondemu As Chairman K’la District Land Board

Veteran lawyer Hajji Elias Lukwago, who is the Kampala city

Scandal: Stanbic Bank Bosses Allegedly Steal Borrowers’ Land Titles, Mortgage Them To Dfcu Bank

Several officials at Stanbic Bank are in deep trouble after

Scandal: KCCA Officials On Spot For Blowing Shs 8Bn Under The Guise Of Renovating Old Tax Park

Several officials at the Kampala Capital City Authority (KCCA), are

Covid-19 Crisis: Ugandan Students Expected To Sit For UNEB Exams In March 2021

All indications are that a dead year will not be

BoU To Appeal In Supreme Court Over Trashed Crane Bank Case

The Bank of Uganda (BOU) has said it will be

Shame As Top Police Boss Is Convicted Of Car Theft, Ordered To Pay Over Shs282M

Untold shame has engulfed the Uganda Police a senior officer

Just In! Energy Mafias Rock Parliament As Patriotic Young Turks Question AIGP Akullo’s Involvement In Min. Energy Corruption

Panic has rocked Parliament as renowned Parliamentarian and Lawyer Hon.

Energy Mafias Debunked Part III: How Werikhe, Turyagyenda Corruptly Swindled Shs15 Bn For 3 Electricity Distribution Projects In Acholi, Bunyoro & Kiruhura

FUNDING THE COUP THROUGH ENERGY AND MINERALS CORRUPTION By the

Just In: Top Energy Officials Fired On Presidential Orders Over Massive Theft Of Electricity Distribution Funds

By Our Reporter Kampala: Two senior officials of Rural Electrification

Salary Scam Hits KCCA AS 29bn Is Paid To Ghost Workers

After Eng Andrew Kitata took over as the acting Executive

Operation Harmony: UPDF Assures Defiant Balaalo To Face Bloody Eviction In Northern Uganda

The Deputy Defence Spokesperson and Co-ordinator Communications for operation “Operation

Pep Guardiola’s Mother Dies After Contracting Coronavirus

Manchester City manager Pep Guardiola’s mother, Dolors Sala Carrio, has