By; Francis Lubega

Government has set to collect over 16.2 trillion shillings from domestic revenue to spur National development.

This has been revealed by the Minister of State for Planning David Bahati while appearing before the finance committee of parliament to present tax bills for the financial year 2018/2019.

Bahati informed the committee that they are introducing withholding tax on commissions by telecommunication companies to mobile money and airtime agents, and also enforce a one percent tax on persons engaged in agriculture.

Bahati says they are also planning to impose excise duty on social media of 200 shillings per day, 200,000 shillings on the registration of motorcycles at first registration, increase charges on mobile money and all bank charges from 10 to 15 percent.

Bahati again says they are imposing tax on juice, 200 shillings on cooking oil, tax on beer, spirits, Kibuku and 100 shillings per liter on both diesel and petrol which will be used to improve infrastructure.

Wednesday 25th April 2018 05:55:19 AM