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The international organization said this should be done if the government is to attain its domestic revenue mobilization.
Yesterday, the government launched its investment financing strategy in Kampala. Ms Susan Ngongi Namondo, the United Nations resident coordinator attended this ceremony.
She said that the government has done an outstanding job in strengthening tax policy and administration. This can be seen through the domestic revenue mobilization strategy.
On the contrary, however, she said it is difficult to achieve the planned revenue if tax holidays and exemptions are not dealt with.
“There have been reservations with regards to tax incentives. Whereas this approach has been used in many developing countries as a bait to attract foreign direct investment, there have been concerns around transparency and effectiveness of tax holidays and exemptions,”
She further noted how tax holidays and exemptions should be seen as a complimentary to enable businesses climate. But at the moment, these two are seen as an alternative.
She eventually addressed the need to focus more on addressing basic energy and transport infrastructure issue. She added the reduction of bureaucracy and cost of administrative requirements.
On that same topic, she talked about strengthening the rule of law in business and contractual processes than focusing on tax incentives.
“If tax incentives are maintained, they should be kept at the lowest levels and restructured to ensure transparency and fairness in their implementation,” she said.
According to some studies, over Shs5 trillion in taxable revenue is foregone because of exemptions and related incentives.
Check Also;
- Civil Society Are Demanding For Urgent Guidelines On Tax Waivers
- Uganda Revenue Authority Releases 2021 Tax Evaders’ Shame List
- Scrap Off Taxes From ICT Equipment, Ministry Of ICT
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![[dropcap]A[/dropcap] section of women in Bugongo parish and Nawangaiza parish in Nawandala Sub County, Iganga District have decried the near-impossible terms set for them to access GROW funds. They have now petitioned their woman member of parliament for Iganga Hon. Kauma Sauda Alibaawo to ask the government for revised terms and conditions. This is to enable them to benefit from the program. The disgruntled women accuse the implementers of the program of charging the money. They are also asking for their land titles and land agreements. They said that such properties are governed by their husbands. These, therefore want the government through their woman MP to intervene and revise the requirements for one to benefit. The women were on Wednesday at Namabwere primary school in Nawandala Sub County. They had gathered in their respective groups to receive over 300 chickens from Hon Alibaawo in her campaign to improve the livelihood of women in Iganga district. Each group was given 50 chicken as start-up capital in their journey to prosperity. Read what some leaders said; Ms Naigambi Lydia from Nawandala Trading Centre says, “They solicited money from us through opening bank accounts and depositing Shs80,000. They also asked for land titles and land agreements from us yet we don’t have such things. I was informed that I needed to have a business with a capital of Shs4m yet my capital was very small.” The chairperson Kisoboka Saving Group in Nawandala Ms. Nakagolo Faith said they were not able to join the program. This is given the many conditions attached. She also asked their woman MP to raise their concerns to the relevant offices. The MP condemned the mode of implementation of the program. She cited that it has turned to benefit the well-off class of women other than the intended group. She further asked the government to intervene saying the current strings attached to the programme are very tight to accommodate a common woman. GROW project is a Government of Uganda initiative that arose out of the need to respond to the needs of women entrepreneurs. This is especially those who want to grow their businesses, sustain their self-employment and create more jobs. Check Also; Iganga District NRM Leaders Urge Museveni To Fulfill Election Promises Of 2021 International Women's Day: Celebrating Progress Towards Equality](https://i0.wp.com/newslexpoint.com/wp-content/uploads/2024/11/Iganga-women-decry-tough-terms-to-access-GROW-funds-e1731738339732.jpg?resize=300%2C160&ssl=1)
