East AfricaNews

President Museveni returns Tax Bill 2018 to parliament.

Spread the love

President of Uganda, Yoweri Museveni returned the Tax Procedures Code (Amendment) Bill 2018 to Parliament for further scrutiny and consideration on Tuesday, 17 July 2018.

The letter dated 22 June 2018 from the President, was read by Deputy Speaker Jacob Oulanyah during the sitting.

The President in a letter to the Speaker noted that the current tax system was effective adding that the proposed amendment would deter Uganda Revenue Authority from charging interest on tax arrears that could cause revenue loss.

The President states that the bill if signed in its current form will lead to tax evasion.
“Incorporating it in the Act will encourage non-compliance by tax payers as regards the filling of annual returns,” the President said.

The object of the bill is to amend the Tax Procedures Code Act, 2014, Act No. 14 of 2Ol4 to provide for due dates for filing returns under the Lotteries and Gaming Act, 2016; to provide for the Minister to pay taxes on behalf of a person; to waive all unpaid taxes due and unpaid by government as at 30th June 20l8 and to provide for electronic receipting and invoicing.

Oulanyah said Rule 142(1) of the Rules of Procedure of that provided that when a bill passed by the House is returned to the House by the President with a message that the House should reconsider the bill, “the Speaker shall read the message of the President in verbatim.”

The Deputy Speaker urged the Committee on Finance to handle the bill expeditiously.

“We have had a bill returned on biotechnology and biosafety and up to now, we have not processed the President’s recommendations. This should not be the same because these are urgent maters of taxation,” said the Speaker.


Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *