Finance Minister Matia Kasaija said the company will start working in July and is expected to help the government realize more revenues from the sector. He urged the Property owners not to feel agitated and think that the government is trying to squeeze them.”
In its report to parliament, the Committee notes that even when the government proposal is intended to streamline the collection of rental tax and reduce revenue loss to government, it will increase the compliance burden on the property owners.
PricewaterhouseCoopers (PWC) an audit agency has appealed to parliament to reject government’s proposal that seeks to compel landlords and companies with more than one property to declare income from each asset separately.
Kampala Capital City Authority (KCCA\'s) move to demolish unplanned and sometimes illegal business structures especially in the Central Business District (CBD) has generated a knock-on effect on property rates in Kampala suburbs.