FY2021/2022 Budget Archives

Real estate business at a glance in the eyes of the Ugandan budget fiscal year 2021/2022

By CPA David Kiwanuka Section 5 of the Income Tax Act has been amended to include a new subsection 2a. This new subsection provides that: “A person who during a year of

June 21, 2021

Thought Leadership

Government has introduced taxes mainly to boost revenue for financing the new budget. Courtesy photo

2021/2022 BUDGET: Govt scraps OTT, introduces new taxes on airtime, data, rental income

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

June 10, 2021

Banking & Financial Services·The Big Story

The amount each MP is likely to get may afford such a vehicle. Courtesy photo

Each MP to get UGX200m, Down from UGX321m for Brand new car

Government has cut by UGX121 million the amount of money the Parliamentary Commission had requested in its budget for the Financial Year 2021/2022 to purchase new cars for Members of the 11th

April 27, 2021

The Big Story

Uganda's Finance Minister, Hon. Matia Kasaija

Cash-strapped Kasaija, trims 2021/22 budget by UGX4.36 trillion; plans to raid Petroleum Fund for UGX200 billion to patch holes in his pockets

Uganda’s Ministry of Finance, Planning and Economic Development (MoFPED) has trimmed down government planned expenditure for the Financial Year 2021/22 by at least UGX4.36 trillion, indicating anticipated failure to meet its revenue

April 19, 2021

The Big Story