voice of kamwenge

voice of kamwenge

Friday, June 15, 2018

Government targets 16.35 trillion Shillings to support 2018/2019 financial year budget estimates|Vok News
















Government is aiming at collecting 16.35 trillion Shillings to support the estimates in the 2018/2019 financial year budget presented this afternoon.
Part of this, totalling 15.9 trillion Shillings will be raised from the new tax measures which will come into effect at the beginning of July.
The new tax measures include a 200 Shilling daily levy on each person using platforms like WhatsApp, Facebook, Viber and Skype among others, a 1 percent excise duty on each mobile money transaction, a 200 Shillings levy on every litre of cooking oil and 100 Shillings for every litre of diesel and petrol.
The other measures include a duty of 650 Shillings levied on each litre of beer, 1500 Shillings per litre on ready to drink spirits and 200 Shillings for every litre of non-alcoholic beverages with the exception of fruit or vegetable juices among others.
To generate more revenues, Finance Minister Matia Kasaija says URA will, among other things, pursue tax evaders, heighten business intelligence and combat smuggling.

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