{"id":48841,"date":"2023-05-07T15:31:20","date_gmt":"2023-05-07T15:31:20","guid":{"rendered":"https:\/\/www.africa-press.net\/uganda\/all-news\/how-tax-changes-could-impact-you"},"modified":"2023-05-07T15:42:30","modified_gmt":"2023-05-07T15:42:30","slug":"how-tax-changes-could-impact-you","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/uganda\/all-news\/how-tax-changes-could-impact-you","title":{"rendered":"How tax changes could impact you"},"content":{"rendered":"

Africa-Press – Uganda. <\/strong><\/span>Parliament has passed a raft of tax legislations through which Uganda Revenue Authority (URA) hopes to contribute to Uganda\u2019s Shs29.3 trillion domestic revenue target in the next financial year, effective July 1.<\/p>\n

The tax laws, according to Vice Chairperson of the Finance Committee Jane Pacutho Avur (Pakwach Woman MP), are expected to broaden the catchment area for the government\u2019s resource envelope.<\/p>\n

Ms Avur said: \u201cThis means that for Financial Year 2023\/2024, government aims to increase revenue from Shs25.5 trillion (or 13.4 percent of GDP) projected in FY 2022\/2023 to Shs29.3 trillion (or 14.0 percent of GDP) in FY 2023\/2024.\u201d<\/p>\n

Provisions in the four tax Bills are part of other amendments clustered in seven Bills introduced in late March.<\/p>\n

During the two plenary sessions convened on Tuesday and Thursday, MPs voted to expand Uganda\u2019s tax base and to ensure better discipline in management of the economy.<\/p>\n

A Shs100 million fine or 10-year jail term was approved for individuals or companies who tamper with the digital stamps levy.<\/p>\n

Prior to the new increment, the Tax Procedures Code Act, 2014 had prescribed a fine of Shs30 million and a 10-year jail term, or both for tampering with digital tax stamps.<\/p>\n

In defence of the plan, the Finance Committee chairperson, Mr Keefa Kiwanuka said: \u201cThe justification is to increase the penalty of the offence of tampering with digital stamp machines and to recover any loss of tax that may have been occasioned as a result of the tampering.\u201d<\/p>\n

A 30 percent tax levy was imposed on all winnings registered in every betting stake within Uganda as per the Lotteries and Gaming Amendment Bill, 2023 passed last Thursday.<\/p>\n

Foreign online digital service providers such as Uber and Amazon will, under the Income Tax Amendment Bill, 2023, be taxed for their services in Uganda. The online services, include accessing and downloading of digital content, online gaming, cloud computing and data warehousing.<\/p>\n

A special provision was after a spirited fight from a section of MPs such as Muhammad Nsereko (Kampala Central), included to exempt online digital service providers dealing in academic material, a decision meant to promote literacy in Uganda.<\/p>\n

But the government\u2019s plans to expand the resource envelope took a hit after MPs approved a presidential proposal to exempt salaries of staff at the Directorate of Public Prosecutions from taxation. This, according to the Ministry of Finance, will result in a Shs7.5 billion revenue shortfall.<\/p>\n

Director of Public Prosecutions Jane Frances Abodo had recently reported to the House finance committee that the exemption would deny URA Shs6.8 billion in revenue annually.<\/p>\n

Members of Parliament sustained the Excise Duty tax imposed on opaque beer, but voted to slash taxes on alcoholic or native non-alcoholic beverages by 12 percent or Shs250 on every litre, or whichever is higher. This adjustment doesn\u2019t, however, apply on a local drink known as kombucha.<\/p>\n

Rejected taxes<\/p>\n

Speaker Anita Among directed Ms Pacutho Avur to delete a 0.5 percent proposal to be levied on all bank transactions such as cash withdrawals.<\/p>\n

\u201cCan you give me more clarity on how it smuggled itself into the committee? Did you interact with the stakeholder and which stakeholders did you interact with? I am saying, did you interact with the regulator, with bankers association, and regulator meaning Bank of Uganda?\u201d Ms Among inquired before ordering that: \u201cCan you delete that, don\u2019t smuggle in things anyhow.\u201d<\/p>\n

\u201cIt isn\u2019t anything for debate. We are going to investigate anything that hasn\u2019t gone through the Speaker\u2019s office or Parliament, we shall investigate this,\u201d she said.<\/p>\n

Opposition MPs led by the Shadow minister of Finance, Mr Muhammad Muwanga Kivumbi, pushed for the dismissal of tax proposals which were advanced without adequate research on their effects.<\/p>\n

Mr Kivumbi\u2019s camp squeezed the government wing into dropping the 5 percent digital tax initially proposed for all foreign companies such as Netflix, Facebook providing digital services in the country.<\/p>\n

Plenary sittings are next week scheduled to deliberate on the Traffic and Roads Safety Amendment Bill, 2023 after Parliament on Thursday postponed the debate.<\/p>\n

MPs demanded that Gen Katumba Wamala\u2014the Works and Transport minister\u2014appear in person to defend specific proposals.<\/p>\n

The Works minister is expected to convince MPs about a proposal to compel drivers have both a driving licence currently required of every motorist, and a professional badge. The government has also proposed to increase the penalty for speeding to a Shs2 million or a three-year jail term, or both.<\/p>\n

Key resolutions<\/b>
\nApproved<\/b><\/p>\n

Betting wins: 30 percent tax<\/p>\n

All diapers: 18 percent tax<\/p>\n

Bottled water: 10 percent tax on litre<\/p>\n

DPP salaries tax exemption: Shs7.5b annual revenue loss<\/p>\n

Tampering with digital stamps: Shs100m fine or 10 years in jail<\/p>\n

Foreign digital companies: To be taxed<\/p>\n

Dropped\/rejected<\/p>\n

Digital companies selling tax: 5 percent<\/p>\n

Agent Banking: 15 percent withholding tax on all commission agents<\/p>\n

For More News And Analysis About Uganda<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Uganda. Parliament has passed a raft of tax legislations through which Uganda Revenue Authority (URA) hopes to contribute to Uganda\u2019s Shs29.3 trillion domestic revenue target in the next financial year, effective July 1. The tax laws, according to Vice Chairperson of the Finance Committee Jane Pacutho Avur (Pakwach Woman MP), are expected to […]<\/p>\n","protected":false},"author":84,"featured_media":48840,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5],"tags":[233,240,234],"class_list":["post-48841","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-africa-press","tag-africa-press-uganda","tag-uganda"],"yoast_head":"\nHow tax changes could impact you - Uganda<\/title>\n<meta name=\"description\" content=\"Parliament has passed a raft of tax legislations through which Uganda Revenue Authority (URA) hopes to contribute to Uga ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/uganda\/all-news\/how-tax-changes-could-impact-you\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"How tax changes could impact you\" \/>\n<meta property=\"og:description\" content=\"Parliament has passed a raft of tax legislations through which Uganda Revenue Authority (URA) hopes to contribute to Uga ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/uganda\/all-news\/how-tax-changes-could-impact-you\" \/>\n<meta property=\"og:site_name\" content=\"Uganda\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2023-05-07T15:31:20+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-05-07T15:42:30+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/uganda\/sites\/34\/2023\/05\/postQueueImg_1683457289.81.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"800\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/uganda\/all-news\/how-tax-changes-could-impact-you#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/uganda\/all-news\/how-tax-changes-could-impact-you\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/uganda\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"How tax changes could impact you\",\"datePublished\":\"2023-05-07T15:31:20+00:00\",\"dateModified\":\"2023-05-07T15:42:30+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/uganda\/all-news\/how-tax-changes-could-impact-you\"},\"wordCount\":808,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/uganda\/all-news\/how-tax-changes-could-impact-you#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/uganda\/sites\/34\/2023\/05\/postQueueImg_1683457289.81.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Uganda\",\"uganda\"],\"articleSection\":[\"all news\",\"economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/uganda\/all-news\/how-tax-changes-could-impact-you#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/uganda\/all-news\/how-tax-changes-could-impact-you\",\"url\":\"https:\/\/www.africa-press.net\/uganda\/all-news\/how-tax-changes-could-impact-you\",\"name\":\"How tax changes could impact you - 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