Uganda’s Ministry of Finance to Host Conference on Tax Incentives and Policies
The Ministry of Finance, Planning, and Economic Development in Uganda has announced a major conference on tax incentives, policies, and administration aimed at stimulating local investment and fostering economic growth. The event is scheduled to take place on September 4, 2024, at Hotel Africana in Kampala.
According to Evelyn Anite, the state minister of investment and privatization, the conference will provide a platform for stakeholders to review the current tax framework and its impact on Uganda’s economy. "This conference is a key initiative in our efforts to align tax policies with national economic objectives and ensure a conducive environment for investors," she emphasized.
The conference will cover several critical topics, including a comprehensive review of the tax framework, discussions on incentives available to local investors in sectors such as manufacturing, agriculture, tourism, and ICT, and the importance of efficient tax administration in enhancing Uganda’s attractiveness as an investment destination.
Minister Anite highlighted the conference’s focus on digital conformity marks and the mechanisms for resolving tax disputes, aimed at ensuring fairness and transparency within the tax system. "We are committed to optimizing our tax system to support Ugandan investors and drive sustainable growth," she added.
The Ministry expects the conference to result in actionable outcomes that will further improve Uganda’s investment climate, promoting greater participation by local investors in the nation’s economic development. The event comes amid concerns from manufacturers of beauty and personal care products about rising operational costs, citing recent policy changes made without industry consultation.
The introduction of the Digital Conformity Mark by the Uganda National Bureau of Standards has been specifically criticized by manufacturers, who claim it has greatly increased their certification expenses. The conference provides an opportunity for stakeholders to address these concerns and work towards creating a more conducive environment for investment in Uganda.
