Tax pain for traders as states push for more revenues to pay debt, run projects
Traders sit outside their closed shops as they demonstrate against the Electronic Fiscal Receipting and Invoicing Solution (EFRIS) in Kampala, Uganda on April 8, 2024. PHOTO | NMG
Traders across the region are up in arms against heavy taxation by the ruling regimes that are hard-put to fund burgeoning budgets amid a cash crunch caused by debt servicing and slowing economies.
The governments of Kenya, Uganda and Tanzania have proposed a raft of tax proposals aimed at generating more revenues despite protests from taxpayers. In Uganda, the business community has been fighting off efforts to levy additional taxes to achieve its Ush30 trillion ($7.87 billion) target for the upcoming financial year.
