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In a February 9 th, 2021 letter, the treasury deputy secretary Patrick Ocailap has asked the Bank of Ugandan Governor Emmanuel Mutebile  to give his opinion on the matter, not later than tomorrow, Friday, February 12 According to the ministry, whereas mobile money withdraws are subject to a 0.5% excise duty, at the counter, agency banking and ATM withdrawals are not subjected to the same tax. Ocailap says taxing cash withdrawals will not only improve tax compliance and increase revenue but will also encourage cashless transactions which will promote e-commerce. Ocailap says the decision fol...

By Juliet Nalwooga The Finance minister Matia Kasaija has revealed that he is not aware about the proposed tax on

Daily Monitor Wednesday February 03 2021 Summary Public debt is projected to increase to 49.9 per cent of gross domestic product by end of June 2021, before peaking  to 54.1 per cent in the 2022/23 financial year. Advertisement Rising expenditure pressures resulting from the need to finance infrastructure projects and an increase in Covid-19 related borrowing will push Uganda’s public debt to 54.1 per cent by the end of the 2022/23 financial year, according projections by the Ministry of Finance. Details contained in the Debt Sustainability Analysis report authored by the Ministry of Finan...

Turn on desktop notifications for breaking stories about interest? OffOn Uganda's president orders suspension of European-backed fund Ugandan President Yoweri Museveni has ordered the suspension of a multimillion-dollar fund backed by European nations that supported the work of local groups focusing on democracy and good governance By RODNEY MUHUMUZA Associated Press February 3, 2021, 3:14 PM • 4 min read The Associated Press FILE - In this Thursday, Jan. 14, 2021 file photo, Ugandans wait to vote in the presidential election in Kampala, Uganda. Uganda's President Yoweri Museveni in Feb. 2...

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