Taxes On Bank Withdrawals Cant Be Imposed Without Parliament Approval, Bahati

February 12, 2021 Finance Comments Off on Taxes On Bank Withdrawals Cant Be Imposed Without Parliament Approval, Bahati

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 ...

Government May Soon Tax Your Cash Withdrawals From Banks

February 11, 2021 Finance Comments Off on Government May Soon Tax Your Cash Withdrawals From Banks

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, ...