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HomeNATIONAL NEWSTough Times Ahead As Gov't Now Moves To Impose Huge Taxes On...

Tough Times Ahead As Gov’t Now Moves To Impose Huge Taxes On Mineral Water And Cement

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Last week, Legislators in the 11th parliament regretted over their decision to impose a hefty tax on diapers last year claiming it was a luxury. In the process of preparing a new budget for a new financial year, taxation proposals and reviews are done to create new and more avenues to raise revenues.

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However, legislators regretted the move to highly tax diapers commonly referred as pampers. These initially claimed that pampers were being used to promote homosexuality in Uganda, and are now admitting that the tax has instead made diapers expensive for the elderly & people with disabilities who rely on diapers in order to protect their dignity in society.

Now government is proposing another tax on bottled water (mineral water) and on cement. If approved, Cement and mineral will be among the other products which will be expensive since the new tax will take effect on 1st July 2024.

According to proposals submitted to parliament by the ministry of Finance, Planning and Economic Development, government intends to impose a Shs500 tax on every 50kg bag of cement. Government also intends to impose a 10% or Shs75 per litre of bottled drinking water.

Government is also planning to exempt payment of tax on electric cars manufactured in Uganda, electric vehicles’ charging equipment assembled in Uganda and the VAT exemption has also been proposed on items like; hoes, pesticides, fertilizers & seedlings, cooking stoves that use ethanol. The exemption is proposed to run up to 30th June 2028.

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