Matooke Republic
Wednesday, July 9, 2025
  • Home
  • News
  • Entertainment
  • Gossip
  • Features
  • Business
  • Sports
  • Health
  • Photos
  • Relationships
Matooke Republic
  • Home
  • News
  • Entertainment
  • Gossip
  • Features
  • Business
  • Sports
  • Health
  • Photos
  • Relationships
No Result
View All Result
Matooke Republic
No Result
View All Result

MPs query Gov’t plan to tax cash withdrawals from banks

William Kasoba by William Kasoba
February 11, 2021
in Business
Reading Time: 1 min read
Share on FacebookShare on Twitter

Members of Parliament (MPs) are concerned by government plans to tax agency banking and ATM withdrawals. This follows a letter that has been circulating on social media from that Ministry of Finance to the Governor of Bank of Uganda seeking advice on the same.

In today’s plenary sitting, Speaker Rebecca Kadaga said that she expects the minister of Finance to bring proposals for taxation to the floor of parliament and be discussed.

Kadaga asked State Minister for Finance David Bahati to assure parliament that they will not implement the taxes before tabling it to parliament.

RELATED POSTS

Equity Bank Uganda set to launch 2025 Top 100 mid-sized companies survey

Who is Claver Serumaga, the new Equity Bank Uganda Executive Director?

Bahati responded saying that government cannot implement any taxes without the approval of parliament.

Government is considering collecting tax revenue from all bank withdrawals in form of cash at either bank tellers or Automated Teller Machines (ATMS) to increase its revenue.

Currently, mobile money withdrawals are subject to a 0.5 per cent excise duty while agency banking and ATM withdrawals in commercial banks are not subject to the same tax.

Related

Tags: Government of UgandaMinistry of financeParliament of Uganda
Share2Tweet1Send
William Kasoba

William Kasoba

Related Posts

Parliament to start covering burial expenses for former MPs

by Matooke Republic
3 weeks ago

...

President Yoweri Museveni.

Parliament has saved us from embarrassment — Museveni applauds passage of controversial UPDF Amendment Bill

by Matooke Republic
2 months ago

...

Joel Ssenyonyi.

LoP Ssenyonyi asks IGG to investigate the controversial Shs100 million cash handout to MPs

by Matooke Republic
2 months ago

...

Ofwono Opondo.

Ofwono Opondo to step down as Government Spokesman, eyes Parliament seat for the elderly

by Matooke Republic
3 months ago

...

Deputy Speaker Thomas Tayebwa and Leader of Opposition Joel Ssenyonyi.

Deputy Speaker Tayebwa denies Shs100m payout to MPs as LoP Ssenyonyi shares alleged cash collection video

by Matooke Republic
3 months ago

...

Next Post

Police unveils COVID-19 treatment centre for its officers

From The Ghetto to The Presidential Ballot Paper - The unbelievable Story of Bobi Wine

RECOMMENDED

President Yoweri Museveni.

You’re facing challenges because you keep electing opposition candidates – Museveni urges Kampala to vote out the Opposition

July 9, 2025
Equity Bank Uganda MD Gift Shoko.

Equity Bank Uganda set to launch 2025 Top 100 mid-sized companies survey

July 8, 2025
  • 643 Followers
  • 23.9k Followers

MOST VIEWED

  • Here is how to use NIRA’s new online portal to register or renew your national ID

    3879 shares
    Share 1552 Tweet 970
  • DNA test confirms late MP Ssegirinya was father to only 4 of 9 children presented after his death

    93 shares
    Share 37 Tweet 23
  • Kampala University proprietor Prof Kateregga’s wife rejects DNA results indicating one of three children is not his, demands fresh test in the United States

    92 shares
    Share 37 Tweet 23
  • Properties owned by late billionaire Aponye at risk of auction over Shs15 billion loan arrears

    73 shares
    Share 29 Tweet 18
  • Pastor Bugingo’s daughter Doreen Gift awarded scholarship to Arizona State University in the US

    60 shares
    Share 24 Tweet 15
Matooke Republic

Uganda's only free Newspaper. Out every Thursday. Freshly peeled info. kiwatule, Kampala, Uganda.

  • Home
  • News
  • Entertainment
  • Gossip
  • Features
  • Business
  • Sports
  • Health
  • Photos

© Matooke Republic 2024

© Matooke Republic 2024

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.