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Parliament’s Committee on Finance, Planning and Economic Development has pushed back against a proposal to waive UGX18.86 billion in tax arrears for Kampala-based engineering consultancy Newplan Limited, questioning both the justification for the relief and the company’s failure to remit statutory taxes despite involvement in lucrative national infrastructure projects. The tax waiver request, tabled yesterday, was presented by the Minister of State for Finance (General Duties), Henry Musasizi, who cited sustained financial distress, high indebtedness and the difficulty of recovering the taxes as grounds for remission under Section 43 of the Tax Procedures Code Act. The proposal covers outstanding Value…
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By David Birungi We have all seen the campaign on his Twitter (X) handle. Dr Spire, an accountability crusader, uses his now huge following on social media to hold government,…
From Enterprise Agility to Public Accountability On March 31, 2025, Uganda Electricity Distribution Company Limited (UEDCL) stepped into history, reclaiming its full mandate as the distributor of electricity nationwide. This…
The request was made during a meeting with Gulu University officials led by the Acting Secretary Asaf Adebua. The officials had appeared before the committee to respond to audit queries raised in the Financial Year 2018/2019. However, before the interaction, Bukoto East MP Florence Namayanja recounted an earlier forensic audit demanded by the committee on the University’s financial accounts for the financial year 2017/2018 that is yet to be presented. It is on the basis of this that Committee Chairperson Nathan Nandala Mafabi said that the process had been interrupted by the COVID-19 lockdown but directed the Auditor General’s representative…
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By Josephine Magoba Makuyi FCCA, CPA(U) The International Accountants Day is celebrated on the 10th of November every year; as this is the date when mathematician Luca Bartolomeo de Pacioli unveiled an in-depth look at bookkeeping practices, way back in 1497! Since then, the Accounting field has developed significantly more so with the Industrial revolution, which saw an increase in the number and size of companies across the world. Over the years so much has changed especially with the changing technology; seeing a shift away from the big manual ledgers, to Microsoft Excel, Accounting packages and now with innumerable support…
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