Nansana Municipal Mayor Regina Bakitte says that five members of her committee have already agreed to waive taxes from the beginning of the next financial year to prevent a catastrophe as the businesses struggle to recover from the abyss and attain the resilience to withstand an economic downturn.
The Executive Committee of Nansana Municipality has resolved to relieve
the business community from taxes to enable them to recover from the effects of Coronavirus Disease, which has left the world economy in ruins.
The move is aimed at supporting the businesses to get out of the ruins and tame unemployment rates, poverty,
and food insecurity which is going up as a result of the economic downturn brought about by the measures that kept the business community home for close to three months.
Nansana Municipal Mayor Regina Bakitte says that five members of her committee have already agreed to waive taxes from the beginning of the
next financial year to prevent a catastrophe as the businesses struggle to recover from the abyss and attain the resilience to withstand an economic downturn.
She is optimistic that this will stop a loss of livelihoods from unemployment particularly in areas where people are more reliant on waged employment. The waiver covers occupational permits, local hotel tax, business licences, park fees and property-related taxes which all contribute to the municipality’s 2 billion Shillings locally generated revenue.
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Bakitte asked factories, industries and other business
proprietors in Nansana Municipality to use the waiver to retain
their workers and pay their salaries promptly. She said that it would be unfortunate if such proprietors go
ahead to downsize their workforce because of the COVID-19 pandemic when they are
enjoying the tax relief.
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The funds are also used to monitor Government programmes,
supporting the Executive committee and supporting the mayor’s office
particularly buying fuel, conducting workshops and seminars, conducting
familiarization/exchange study tours, furnishing council chambers and
subscription to urban authorities.
Nansana Municipality town clerk Thomson Obong says that the waiver was done in line with the Presidential declaration of a tax waiver to
the business community considering the impact of the COVID-19 lockdown on livelihood and enterprises.