The management of Meera Investments Limited has petitioned finance minister opposing some of clauses in the proposed Tax Amendments Bill, 2020. The Ministry of Finance, Planning and Economic Development tabled before Parliament five bills, which include; Excise Duty Amendment bill 2020, Value Added Tax bill 2020, Income Tax Amendment bill 2020, Stamp Duty Amendment Bill…
Coronavirus has brought the county’s tourism and hotel industry sector to its knees. Tourist cancellations have reached 100 per cent due to the pandemic and within weeks, various hotels have turned into white elephants, making back-to-back losses. After the government confirmed 14 coronavirus cases, the situation went from bad to worse, forcing investors to ask…
The Ministry of Finance has asked the Ugandan Embassy in Beijing, China to refund money mistakenly sent to its account. Although Cabinet had direct the ministry to send $61,800, the Ministry of Finance transferred $600,000 on the request of the education ministry. Now, the Secretary to the Treasury, Mr. Keith Muhakanizi has ordered the Embassy…
