Uganda Revenue Authority (URA) has said that through a ministerial directive, textiles and garments which are not manufactured in Uganda and as such cannot be adequately sourced locally have been maintained at an import duty rate of 35%.<\/p>\n\n\n\n
These textiles account for 90% of the clearances by the textile and garments traders.<\/p>\n\n\n\n
However, Ian Rumanyika, the acting Assistant Commissioner, Public and Corporate Affairs at URA said that the government has waived the specific duty rate of USD 3\/3.5 per kg for the 90% of the textile and garments fabrics that are not manufactured in Uganda.<\/p>\n\n\n\n
He noted that they are in possession of 125 containers and so far, 9 have been cleared due to the new tax regime as pronounced by the Honourable Minister of Finance Planning and Economic Development.<\/p>\n\n\n\n
“Honourable Minister of Finance Planning and Economic Development has waived the specific duty rate of USD 3\/3.5 per kg for the 90% of the textile and garments products, therefore these will remain at the 35% rate and as such, there is no increment of the taxes,” he said.<\/p>\n\n\n\n
He further explained that the 35% was the tax rate applicable on textile for the Financial Year 2020\/2021 and therefore status quo has been maintained.<\/p>\n\n\n\n
Meanwhile, City traders under their umbrella body Kampala City Traders Association threatened to close their business in protest over rental arrears accumulated during the lockdown.<\/p>\n\n\n\n
The traders are accusing the government of ignoring their plight yet landlords continue harassing them.<\/p>\n\n\n\n
The acting association\u2019s chairperson Thaddeus Musoke in a statement said they plan to have the peaceful demonstration from 1st September due to government\u2019s failure to assist the traders despite their outcry and petitions.<\/p>\n\n\n\n
He said it is unfair for government to look on as landlords harass them to pay rental arrears yet they were not working during the lockdown.<\/p>\n","protected":false},"excerpt":{"rendered":"
Uganda Revenue Authority (URA) has said that through a ministerial directive, textiles and garments which are not manufactured in Uganda and as such cannot be adequately sourced locally have been maintained at an import duty rate of 35%. These textiles account for 90% of the clearances by the textile and garments traders. However, Ian Rumanyika, […]<\/p>\n","protected":false},"author":27983,"featured_media":25899,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jnews-multi-image_gallery":[],"jnews_single_post":[],"jnews_primary_category":[],"jnews_paywall_metabox":[],"jnews_override_counter":[],"footnotes":""},"categories":[101],"tags":[31,119],"class_list":["post-26099","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-featured","tag-uganda-news"],"yoast_head":"\n