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Delays At Entebbe Airport Push Tourists To Cancel Trips To Uganda

Delays At Entebbe Airport Push Tourists To Cancel Trips To Uganda

A large number of tourists have canceled their trips to Uganda due to the delays at Entebbe International Airport. This move has caused losses for the tour operators who had already invested money to host tourists. Arriving air passengers have to take new Covid-19 tests before leaving the airport. The operators said this continues to frustrate the trust in certificates ...

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Report Shows Illicit Alcohol Production Is A Key Contributor to Tax Leakage

Report Shows Illicit Alcohol Production Is a Key Contributor to Tax Leakage

The Uganda Alcohol Industry Association recently released a report indicating that illicit alcohol production is one of the country’s biggest tax leakages. The report showed that the production of illicit alcohol is one of those big tax leakages. Apparently, it costs the government huge sums of money in taxes. ‘’Tax leakage is driven by wide-scale under-declaration of production of spirits. ...

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Experts Want Law To Curb Profit Repatriation By Multinationals

Experts Want Law To Curb Profit Repatriation By Multinationals

Experts have called on government to enact laws to reduce on profit repatriation by multinationals. The development follows the announcement of the retail store Shoprite exiting Uganda after 21 years of service. Some experts even said firms like Shoprite have no legacy or tangible investments to talk about. Francis Muhiire, an economist at Makerere University Business School (MUBS). He said ...

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Uganda Won’t Achieve Middle Income Status Until 2040 – World Bank

Uganda Won't Achieve Middle Income Status Until 2040 - World Bank

Uganda gaining middle Income Status as a country is something the President has been obsessed with for the past few years. In his numerous addresses, he promised Uganda will soon jump from the cluster of third world countries to the middle income status. However according to world Bank experts, this wait will go more than a decade further before Uganda ...

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Uma Boss And Kacita Asks Business Community To Pay Tax

Uma Boss And Kacita Asks Business Community To Pay Tax

Kampala City Traders Association (KACITA) Chairman Evarest Kayondo together with Executive Director of Uganda Manufacturer’s Association (UMA), Daniel Birungi have urged all taxpayers to file their returns and pay their due taxes ahead of the 30th of June 2021 deadline. About 15 days left for this financial year to end as per Uganda Revenue Authority deadline. The business advise was ...

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