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The Ministry of Finance, Planning and Economic Development has defended the decision to increase the amount of withholding tax one pays after winning in sports betting from 20% to 30%, saying the move is aimed at streamlining the sector and set clarification on how the tax is meant to be paid.

Henry Musasizi, Minister of State for Finance (General Duties) Government through the Ministry of Finance, Planning and Economic Development has proposed to end the Value Added Tax exemption imposed on children’s diapers, arguing that the poor people using towel nappies are paying tax on these items. The revelation was made

UBL Marketing and Innovations Director Emmy Hashakimana( extreme right) hands a dummy cheque to Peace Taremwa, the Rotary District 9214 Govenor. Looking on is Mike Sebalu (second-right) and Ken Mugisha (extreme left) Uganda Breweries Limited (UBL) though the Iconic brand Johnnie Walker has announced a sponsorship package of UGX 150

Kenya is the only economy in East Africa whose projected economic growth for 2023 has been revised upwards by the International Monetary Fund (IMF) in its latest review, giving Nairobi a major confidence boost as it fights an economic crisis. In the just-released World Economic Outlook, IMF now projects that

The Judiciary is seeking 392.5 billion shillings for the coming financial Year 2023/2024. The Permanent Secretary to the Judiciary Dr. Pius Bigirimana says the estimates will increase by 10.5 billion shillings from this financial year's budget of 381 Billion Shillings. He says that part of the money will cater to

Uganda Revenue Authority is forecasting to register a shortfall of 365.13 billion Shillings this financial year. This is according to projections based on the performance so far. The Ministry of Finance, Planning, and Economic Development set a target of 25.555 trillion Shillings for URA for the 2022/2023 financial year, but

Questioned: Geraldine Ssali Members of Parliament have questioned the Permanent Secretary for the Ministry of Trade, Industry and Cooperatives, Geraldine Ssali on a virement worth 5 billion Shillings meant for renting of office space. The MPs sitting on Parliament’s Trade Committee say that the virement is a violation of the

Uketa instructors Rachael Nalumu, Shakib Nsubuga and Joel Muhumuza An expert in the Small and Medium Enterprises (SME) has revealed that nearly 75% of start-ups do not celebrate their first birthdays. Shakib Nsubuga, Jumia's Expansion Manager, was last evening speaking at the launch of Uketa, an innovative online course platform

Mwine Mpaka, the Mbarara South MP A section of MPs on Parliament’s Trade Committee have decried the endless political interference into the operations of Uganda Development Corporation (UDC) especially when making decisions on what companies to bailout by Government. The concern was first raised by Mwine Mpaka, the Mbarara South MP, as