World Bank Urges Uganda to Raise Income Tax to 35% to Boost Revenues

The World Bank recommends revising taxes on salaried government workers and increasing the top income tax rate to 35% to address budgetary shortfalls. This comes as Uganda projects modest economic growth to 6.2% in FY25, driven by agriculture and services.

Source: Daily Monitor

Share to Friends

Related Posts

Powered by
►
Necessary cookies enable essential site features like secure log-ins and consent preference adjustments. They do not store personal data.
None
►
Functional cookies support features like content sharing on social media, collecting feedback, and enabling third-party tools.
None
►
Analytical cookies track visitor interactions, providing insights on metrics like visitor count, bounce rate, and traffic sources.
None
►
Advertisement cookies deliver personalized ads based on your previous visits and analyze the effectiveness of ad campaigns.
None
Powered by