Hon. David Bahati, The Minister of state for finance has assured Ugandans that taxes on bank withdrawals are not yet imposed. This is because for the taxes to be imposed, Parliamentary approval is needed. This response came as a result of a complaint raised by the Kassanda North MP, Hon. Patrick Oshabe. Oshabe said there was a plan to impose ...
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The government through the ministry of finance is working out a plan to start taxing cash withdrawals from commercial banks, Newslexpoint.com has learned. A letter dated February 9, 2021, by Patrick Ocailap, the deputy secretary to the treasury in the Ministry of Finance has written to the Governor, Bank of Uganda seeking an opinion and data not later than Friday, ...
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London/Johannesburg – Refinitiv, the Central Bank of Uganda, and the ACI Financial Markets Association of Uganda have announced that they will be working together to strengthen Uganda’s trade life cycles, setting up the country for increased global markets participation. Announcing this in Kampala on 1 August 2019, the organizations said that the market’s entire interbank network now has increased capacity ...
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