Government to Tax Facebook, Twitter, Google, among others

Date:

Share post:

The State Minister for Finance in charge of General Duties, Henry Musasizi, while resubmitting the Income Tax Amendment Bill before the Finance Committee of Parliament, said that the Uganda Revenue Authority (URA) hopes to collect Shs. 5 Billion from foreign-owned digital companies. Among the companies that the government plans to tax are Facebook, Twitter, Google, Netflix, and Amazon, all of which offer services in Uganda but do not pay tax.

Musasizi went on to explain that the tax will only apply to non-resident companies’ income and not to their beneficiaries.

Related articles

Senator Bob Menendez Indictment: Why Uganda, Africa Should Shun Bobi Wine, Similar Politicians

New Jersey Senator Bob Menendez was indicted on September 22, 2023, marking the second time in a decade...

Uganda’s Potential Benefits as Co-Host of AFCON 2027

Uganda is set to host AFCON 2027 alongside Kenya and Tanzania under the Pamoja Bid project, the Confederation...

Pamoja Bid: A Breath of Life to East African Sports

On Wednesday, September 27, 2023, the three East African countries, including Uganda, Kenya, and Tanzania, taped into waves...

CDF Urges Newly Passed-Out Air Force Officers to Uphold Integrity

Gen. Wilson Mbasu Mbadi, the Chief of Defence Forces (CDF), has urged the newly passed-out officers to desist...