Browsing by Author "Southern and Eastern Africa Trade Information and Negotiations Institute (SEATINI) Uganda"
Now showing 1 - 10 of 10
Results Per Page
Sort Options
Item Assessment of the Coherence between Uganda’s Tax Laws and Policies and the EAC Common Market Protocol(Southern and Eastern Africa Trade Information and Negotiations Institute (SEATINI) Uganda, 2014) Southern and Eastern Africa Trade Information and Negotiations Institute (SEATINI) UgandaThe East African Community (EAC) identified and prioritized the harmonization of taxation regimes of the Partner States as a way of fostering its goal towards the implementation of the Common Market Protocol. This is on the backdrop that EAC countries have some huge differences in their tax systems including the definitions of their tax bases. These differences invariably confer unfair tax competition and unequal treatment of tax payers, goods and services in the region, which if not addressed distort the effective functioning of the Common Market. Harmonization of tax policies and domestic tax laws is, therefore, an important aspect of macroeconomic convergence that is also one of the benchmarks to be attained for effective functioning of the Common Market thereby facilitating intra-regional trade and investment.Item Delayed payments adverse Micro Small and Medium Enterprises: Policy options and Best practices(Southern and Eastern Africa Trade Information and Negotiations Institute (SEATINI) Uganda, 2018) Southern and Eastern Africa Trade Information and Negotiations Institute (SEATINI) UgandaUganda’s domestic private Sector is dominated by Micro Small and Medium Enterprises (MSMEs) comprising approximately 1,100,000 enterprises. MSMEs are potential engines of growth for innovation, wealth creation and economic development. However, the majority of these enterprises are on a micro to small scale; and are predominately informal and young. Most of these enterprises are characterized by a high enterprise mortality rate and don’t usually survive to celebrate more than 5 years, with over 90% of them often not surviving beyond the life of their proprietor. Majority of them are family owned, home based, with no formal management structures and clear address; and employ basic technology with rudimentary tools.Item Implementation of the EAC Common Market Protocol: Proposals for Review of Investment Related Policies, Laws and Regulations(Southern and Eastern Africa Trade Information and Negotiations Institute (SEATINI) Uganda, 2017) Southern and Eastern Africa Trade Information and Negotiations Institute (SEATINI) UgandaOne of the key factors that continue to drive regional integration of the EAC partner states is investment. It not only results into the movement of capital across the region but can also allow for the movement of services, goods, workers and persons, and also foster the fulfillment of the right of entry and right of establishment, further contributing towards increased integration. According to the EAC treaty, Chapter 12, Articles 79 and 80, the five Partner States agreed to co-operate in the areas of Investment with an aim of harnessing the investment potential of the region so as to promote economic growth and developmentItem Policy Proposals on alternatives to increasing MSMEs' cash inflow to address their challenges of access to investment financing(Southern and Eastern Africa Trade Information and Negotiations Institute (SEATINI) Uganda, 2019) Southern and Eastern Africa Trade Information and Negotiations Institute (SEATINI) UgandaMicro, Small and Medium Enterprises (MSMEs) form approximately 80% of the country's entire private sector, majority of which are MSMEs. Of these, 49% operate within the service sector, 33% in commerce and trade, 10% in manufacturing and 8% in other fields. They account for 95% of the business establishments; they employ approximately 2.5 million people/ 42%of the country's total employment; and they generate 80% of the country's manufactured output.Item Taxation in Uganda: Review and Analysis of National and Local Government Performance, Opportunities and Challenges(Southern and Eastern Africa Trade Information and Negotiations Institute (SEATINI) Uganda, 2016) Southern and Eastern Africa Trade Information and Negotiations Institute (SEATINI) UgandaOver the last three decades, Uganda’s main tax objective has been to mobilize domestic revenue as a way of providing essential public services and reducing foreign aid dependence. However, despite the sustained growth of the economy, tax revenue in Uganda as a percentage of Gross Domestic Product (GDP) has stagnated at less than 14 per cent over the last decade. This brief is product of a study on “Taxation in Uganda: Review and Analysis of National and Local Government Performance, Opportunities and Challenges”. The study analyzed Uganda’s current tax systems and practices at national and local levels by examining the opportunities and challenges of increasing domestic revenue generation and assessing the participation of citizens, civil society organizations (CSOs) and non-state actors (NSAs) in taxation and revenue generation. The study focused on revenue generation at national level and at local levels (Arua and Pader districts) covering four financial years (2011/12-2015/16).Item The cost of tax incentives and exemptions in Uganda(Southern and Eastern Africa Trade Information and Negotiations Institute (SEATINI) Uganda, 2019) Southern and Eastern Africa Trade Information and Negotiations Institute (SEATINI) UgandaIn the recent past, most governments have been actively promoting their countries as investment destinations to attract scarce private capital, associated technology and managerial skills in order to help achieve their development goals. As such, they offer preferential tax treatments in form of exemptions, tax holidays, credits, investment allowances, preferential tax rates and import tariffs (or customs duties) and deferral of tax liability. In Uganda, tax incentives are granted to mainly foreign investors targeting sectors government considers strategic to the growth of the economy. For example, sectors such as tourism, construction and those setting businesses in the industrial parks among others. On the other hand, Foreign Direct Investments is expected to provide jobs and contribute to future revenues in addition to technological and skills development.Item The expiry of the Uganda-Netherlands Bilateral Investment Treaty (BIT): Proposals for its review(Southern and Eastern Africa Trade Information and Negotiations Institute (SEATINI) Uganda, 2016) Southern and Eastern Africa Trade Information and Negotiations Institute (SEATINI) UgandaIn recent years, Foreign Direct Investment (FDI) has grown at an unprecedented rate. There is probably not a developing country in the world that does not work hard to attract more FDI. Political leaders and policymakers know that FDI can bring with it jobs, capital, skills and technology. Foreign investment can also complement domestic investment when the activities of foreign enterprises generate spillover effects to the local economy through joint ventures, competition, local purchases, skills development and technology transfer, labour incomes and other vertical linkages. FDI can crowd in domestic investment hence stimulating local investment.Item Uganda’s economy and covid-19 pandemic: Implications, lessons and proposals on a way forward(Southern and Eastern Africa Trade Information and Negotiations Institute (SEATINI) Uganda, 2021) Southern and Eastern Africa Trade Information and Negotiations Institute (SEATINI) UgandaThe COVID-19 pandemic has disrupted supply chains and exacerbated existing vulnerabilities in Uganda. In a bid to curb the spread of COVID-19, the Government of Uganda put in place a number of measures including restrictions on transport and closure of non-essential businesses among others. This has greatly affected the country’s economy and livelihoods as lives are being lost and unemployment rates continue to spike. Micro, Small and Medium Enterprises (MSMEs) which account for approximately 90% of Uganda’s Private Sector, generating over 80% of manufactured output and contributing approximately 20% of the Gross Domestic Product (GDP)1 have been hit most by the pandemic through the supply, demand and financial related shocks.Item What might be a better way to target new special drawing rights to struggling economies?(Southern and Eastern Africa Trade Information and Negotiations Institute (SEATINI) Uganda, 2021) Southern and Eastern Africa Trade Information and Negotiations Institute (SEATINI) UgandaThe Global pandemic has resulted in a multitude of crises affecting Low Income Countries (LICs). LICs in general are witnessing fiscal challenges in form of shrinking revenue collections, and burdensome debt repayments. Many of these countries are in the midst of a debt crisis that has been accelerated by the COVID-19 pandemic. They are now having to borrow more to finance economic recovery and also to secure vaccines. It remains worth noting that borrowing will increase public debt and present further a debt sustainability challenge. In 2020 majority of Sub Saharan African countries secured loans from the IMF and the African Development Bank for the COVID-19 response and this will push public debt levels close to 100 percent1 of Gross Domestic Product (GDP) sooner.Item Why Uganda urgently needs a binding framework for local content(Southern and Eastern Africa Trade Information and Negotiations Institute (SEATINI) Uganda, 2020) Southern and Eastern Africa Trade Information and Negotiations Institute (SEATINI) UgandaThe overall object of the National Local Content Bill, 2020 therefore is to impose local content obligations on ALL persons using public resources or carrying on an activity under a license in Uganda. The Act applies to persons and entities: (i) carrying on an activity where public money is used or carrying out public procurement in accordance with the Public Procurement and Disposal of Assets (PPDA); (ii) carrying out a licensable activity under the provisions of the Mining Act, 2003, the Electricity Act, 1990, the Uganda Tourism Act, 2008, or any other license under an Act of Parliament.