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Govt could start taxing loss-making businesses this year
Osuret says as well as increasing government revenue to finance state projects, the measure is expected to help clamp down on tax avoidance.
“If His Excellency the President assents to the Bill, we are ready to immediately start implementing the measures,” Uganda Revenue Authority (URA) supervisor planning and policy Cedric Job Osuret says
By: NewVision Reporter, Journalists @NewVision
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The Government could start taxing loss-making entities this financial year if Cabinet buys into the recently passed Income Tax (Amendment) Bill 2023.
“If His Excellency the