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Jan 1 result
07:21
07:21

Parliament Disagrees with Museveni on Taxing Loss Making Companies 1 4

The President had asked parliament to reconsider a position that taxpayers, who declare liability for a consecutive period of five years of income less than 0.5 per cent of their gross turnover. He suggested that these should pay a minimum tax amounting to 0.5 per cent of the turnover for each year commencing with the sixth year.
Jan 1 result