PRESS STATEMENT Anti- Tadooba Tax Campaign 2014
Anti- Tadooba Tax Campaign 2014 On 12 th June 2014, Hon Maria Kiwanuka the Minister of Finance, Planning and Economic Development in her Budget Speech announced FY 2014/15 Tax and Revenue measures intended to among others raise government revenue. Her speech has since been received with mixed reactions from the populace with some saying that the budget addressed some issues of concern while others argued it was another lost opportunity. Unfortunate to note is that the Hon Minister reinstated Excise Duty of 200 shillings on Kerosene which she said would discourage unscrupulous dealers who use paraffin or kerosene to adulterate diesel, which causes damage to car engines and industrial motors. This measure is expected to generate about Shs. 15 billion and will go towards increasing solar energy in rural areas. This new tax proposal on Kerosene has been received with an outcry of many citizens of Uganda who claim its impact will greatly be felt by even urban po...