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Uganda: Grant of tax waiver to companies queried

Uganda: Grant of tax waiver to companies queried

Legislators on the Committee of Finance have questioned the manner and criteria the Uganda Revenue Authority (URA)is using to extend tax waivers to companies and individuals. While appearing before the committee, the State Minister for Finance (General Duties), Hon. Henry Musasizi said the tax waivers will be extended to eight organisations which include academic institutions and business entities. Musasizi was appearing before the committee on Tuesday, 20 August 2024. Among the companies under review by the committee is M/S J2E Investment Corporation Limited which is seeking a tax waiver worth Shs2.718 billion as at 01 December 2023, accounting for interest…
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