The government of Uganda has announced the introduction of new taxes so as to shore up revenues that will finance the new budget for Financial Year 2021/2022. Amos Lugoloobi, the newly appointed State minister for finance in charge of Planning, who presented the 2021/2022 financial year budget on Thursday, 10 June 2021 said domestic revenue for next financial year is projected at Shs22.425 trillion, equivalent to 13.8% of GDP, compared to a projected outturn of Shs19.432 billion, equivalent to 13.1% of GDP in FY 2020/21. “Accordingly, I will highlight some tax policy interventions which will be implemented in Financial Year…
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