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.
Officials from the Finance Ministry on Wednesday failed to convince Members of Parliament sitting on the Finance Committee about a proposal for government to write off tax arrears amounting to Shillings 426 billion.
Dubbed Kyapa Loans the funding is aimed at simplifying land title acquisition by tenants whose land has already been surveyed by the Buganda Land Board but lacked the resources to pay for land titles. This is according to Stanbic Chief Executive, Patrick Mweheire.
Their predicament started with the demolition of Nyama Choma Place, Blue Bar, Best Chinese Restaurant and Indian Restaurant at the park on Monday, to pave for the construction of a booster pumping station by National Water and Sewerage Corporation-NWSC.
Tenants at the park are racing against time to clear properties from the structures in the presence of a team of police personnel and SOGEA contractors, the company implementing the project on behalf of National Water.
Sarah Nyakana Kizito, the proprietor of Nalongo Estates Ltd struggled to convince parliaments Committee on Commissions, Statutory Authority and State Enterprise COSASE over her continued stay at Centenary Park with an expired lease.
The decision was made despite efforts by the deputy Attorney General Mwesigwa Rukutana to challenge the recommendation for officials to refund the money saying that it was contradicting another committee recommendation for the Inspector General of Government IGG to institute an investigation.
The notable beneficiaries of the six billion shillings, dubbed a presidential handshake, include Doris Akol, the Uganda Revenue Authority URA Commissioner General, Uganda National Roads Authority UNRA Executive Director, Allen Kagina and Kampala Capital City Authority KCCA Executive Director, Jennifer Musisi among others. The list also has former Attorney General Fred Ruhindi, State Attorney George Kalemera, Solicitor General Francis Atooke and the Secretary to Treasury, Keith Muhakanizi. These are part of the 42 public officers who received the money for their role in the 400-million-dollar Heritage Oil arbitration case which Uganda won.
Minister Matia Kasaija says government plans to invest in tax administration measures so as to improve the capacity of Uganda Revenue Authority to implement the current tax laws, and enforce taxpayer compliance.
Uganda Revenue Authority URA has today launched an online tax payment method powered by Visa Cards and MasterCard. Some of the already existing revenue payment modes in URA are by Cash, Cheque, Swift, Electronic Funds Transfer EFT, Payway, Mobile Money and Real Time Gross Settlement RTGS transfer.
Bank of Uganda Governor Emmanuel Mutebile told journalists in Kampala this morning that the central bank has transferred all Crane Banks assets and liabilities to DFCU bank adding that all customers and depositors of Crane Bank shall now have their accounts operated by DFCU Bank.
The trading centres of Kalerwe- Bivamuntuyo, Nakulabye, Nakasero and Nakawa market which are usually covered with fresh food supplies are gradually running empty. A few stalls have a stock of fresh fruits, vegetables and other food stuffs.