Parliament will review the textile industry sector tax which has been reported by textile traders as ‘prohibitive’, Speaker of Parliament has said.
Rebecca Kadaga said while chairing plenary on Tuesday.
Kadaga said that she met with the United Textile Group and Manufacturers’ Association who operate at Nakivubo, in downtown Kampala who informed her that the new tax regime is prohibitive.
Apparently, a container that originally paid Shs100m in taxes now has to pay Shs800m.
The speaker said that this tax risks driving the traders out of business.
She said that this is a serious matter that she will bring up for discussion in Parliament so that they find a solution.
Kadaga added that it is wrong to burden people with such taxes when they are coming from severe COVID-19 lockdown.
