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Tax On SACCOs Rejected As Gov’t Attempts To Raise Shs16.2 Trillion Locally

Members of Parliament (MPs) have strongly rejected government’s proposal to reinstate corporation tax on Savings and Credit Cooperative Organisations (SACCOs) making profits. Government had exempted SACCOs from paying corporation tax up to June 30th 2027. Government through Ministry of Finance had hoped to get Shs10bn from this new tax measure

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