Latest News

Breaking News: Museveni Bans Public Transport With Immediate Effect
4 min read

By Echonews Admin Kampala: Following the Covid-19 Surge in the country, President Museveni has banned public and private transport which he says has led to...

1 min read

  Uganda's Ministry of Health has confirmed 1,564 covid-19 new cases in the last 24 hours from the results of COVID-19 tests done on 16...

Why Speaking Without A Mask Is The Easiest Way To Spread COVID-19
3 min read

  COVID-19 was known to spread through respiratory droplets but whether or not it spreads through aerosols (i.e. an airborne route) was the subject of...

2 min read

  Police have together with the Health Monitoring Unit recovered assorted drugs suspected to be worth shs1 billion from a clinic in Nansana, Wakiso district....

Breaking News: Museveni Bans Public Transport With Immediate Effect
2 min read

  The government has directed all its officials and other staff not to use public transport means for fear of contracting or spreading the deadly...

Omwavu Wakuffa: List Of Hospitals With Alarming Charges For Covid-19 Treatment
2 min read

  The surge in Covid-19 cases has caused alarm and panic among members of the public with some instituting their individual lockdowns. The virus, that...

2 min read

  The National Social Security Fund said  savers can now partially access their savings should they be undergoing treatment for COVID-19 at an intensive care...

1 min read

  President Yoweri Museveni Kaguta is set to address the nation today  (Friday) June 18th 2021 to brief Ugandans about the current COVID-19 situation. The...

2 min read

Airtel Uganda has also announced that it has been granted to use the 074 prefixes on its numbers which means Airtel can now issue this...

1 min read

  Premier Recruitment LTD  has announced 50% registration discount for the urgently needed construction assistants to work in Qatar for a salary of Uganda shillings...

June 19, 2021

National Budget 2021/2022: Goverment Unveils New Taxes On Data, Airtime And Plastics

National Budget 2021/2022: Goverment Unveils New Taxes On Data, Airtime And Plastics

 

The government has announced a new excise duty tax on airtime and mobile data, as part of the new measures to broaden the tax base to shoulder the Shs 44.7Trillion for the FY2021/22.

The government is hoping to raise up to Shs 22.4Trillion domestically, of which Shs. 20.8 Trillion tax revenue and Shs 1.5Trillion will be Non-Tax Revenue.

Minister of State for Planning Hon Amos Lugoloobi while presenting this year’s budget before parliament, revealed that the government had decided to phase out the excise duty on Over the Top (OTT) and introduce a new tax on airtime and data instead.
Earlier during the budget preparations in parliament, the Finance Ministry revealed that the OTT tax also known as social media tax, had proved ineffective because most Ugandans were evading it by using VPNs.

As such, he said, the government had decided to introduce a “harmonized excise duty rate of 12.0% on airtime, value-added services and The government has also introduced an export levy of 7% on the value of fish maw exports.

This follows a deal reached between the governments of Uganda and China for the latter to directly import fish maws from Uganda through the Directorate of Fisheries under the Ministry of Agriculture Animal Industry and Fisheries.

Fish maw is a white hard membrane found inside the body of the Nile Perch. The maw costs between USD 450 (1.6 million Shillings) to 1,000 (3.6 million Shillings) on the international market.
The fish maw is used to among other functions make surgical threads, plane parts, drugs and also used as food in different Asian countries. About 3,882 metric tons of fish product is exported to different countries across the world annually. Uganda has only been exporting the product to China through other Asian countries.

President Yoweri Museveni revealed recently that experts have had given him a plan to generate more revenue from fish maw than oil.

Meanwhile, another export tax of 5% and 10% on processed and unprocessed gold and other minerals respectively has been introduced.
The government has also decided to broaden the scope of taxation of plastics to cover all plastics

Views: 170