Tax compliance costs hurting Ugandan manufacturers

The cost of tax compliance is making it difficult for manufacturers to continue investing in Uganda. Citing the Digital Tax Stamps (DTS), a new research report titled ‘Impact of Digital Tax Stamps on Manufacturers in Uganda’ indicates that the related costs are too heavy for local SMEs, already stressed by the high cost of doing business. Andrew Kilonzo, the Managing Director of Uganda Breweries Limited, made these remarks on the sidelines of a report release hosted by the Private Sector Foundation Uganda (PSFU) and PwC. He suggested that the Uganda Revenue Authority (URA) should widen the net to include hundreds of non-compliant enterprises to lessen the cost. The meeting was also attended by URA Commissioner General Musinguzi Rujoki. #NTVNews #NTVTonight #NTVWeekendEdition Subscribe to Our Channel For more news visit http://www.ntv.co.ug Follow us on Twitter http://www.twitter.com/ntvuganda Connect with us on Messenger via m.me/NTVUganda