Govt under pressure to revise taxes over Covid-19
The government is reviewing new tax measures that came into force on July 1 as part of its emergency response to the post-lockdown aftershocks that have ruined some companies and forced others to cut jobs in order to stay afloat.
Along with what sources called strategic review of the 2021/2022 tax regime and budget cuts, the government under “enterprise development agenda”, is prioritising Micro, Small and Medium Enterprises (MSMEs) with a new stimulus package of Shs200b.
Daily Monitor understands that Trade Ministry officials are working with their Finance counterparts to develop guidelines on accessing the funds.
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