2020 tax proposals

Meera Investments Limited, the real estate arm of the Ruparelia Group, has written to Hon. Matia Kasaija, the Finance Minister taking exception to a number of proposed tax amendments saying that should they be made into law, they will adversely affect the growth of the real estate sector. In a 2nd April 2020 letter, the Meera Investments’ Managing Director and founder, Dr. Sudhir Ruparelia called out specific clauses in The VAT Amendment Bill 2020 and Income Tax Amendment Bill 2020 saying that these clauses would cripple the sector. “We have had consultations with our tax lawyers, Kampala Associated Advocates, and…