• EDITORIAL POLICY
  • ABOUT US
PML Daily
No Result
View All Result
  • Home
  • NEWS
    • Politics
    • Education
    • Regional
    • Africa
    • World
  • INVESTIGATIONS
    • National Archives
    • Special Reports
  • OpEd
  • BUSINESS
    • Agriculture
    • Tech
    • Finance
  • FEATURES
    • Health
    • Tours & Travel
    • Entertainment
    • Society
  • COLUMNISTS
    • The Suited Penguin
  • SPORT
  • Jobs
  • Magazines
  • Home
  • NEWS
    • Politics
    • Education
    • Regional
    • Africa
    • World
  • INVESTIGATIONS
    • National Archives
    • Special Reports
  • OpEd
  • BUSINESS
    • Agriculture
    • Tech
    • Finance
  • FEATURES
    • Health
    • Tours & Travel
    • Entertainment
    • Society
  • COLUMNISTS
    • The Suited Penguin
  • SPORT
  • Jobs
  • Magazines
No Result
View All Result
PML Daily
No Result
View All Result
Home BUSINESS

Finance Ministry signs off controversial deal with American firm in rental tax collection arrangement

JAVIRA SSEBWAMI | PML Daily Staff WriterbyJAVIRA SSEBWAMI | PML Daily Staff Writer
June 7, 2020
70 4
129
SHARES
1.1k
VIEWS
FacebookWhatsAppTwitter
Finance minister Kasaijja signed off the agreement on Friday in the presence of URA Commissioner General John Musinguzi (PHOTO/Courtesy).

KAMPALA — The Ministry of Finance has signed off a deal to collect rental tax, handing the reigns to American firm Ripplenami Inc which had been until now resisted at the Uganda Revenue Authority.

President Museveni in 2018, recommended that the URA works with Ripplenami inc led by Jaye Connoly-Labelle the Chairman and CEO but URA later decided that the tax body can do the job on her own.

Apparently, the American firm will be entitled to 30 percent of all tax collected under the arrangement, an matter that drew discomfort within the former leadership of the URA, replaced by the president in April, and with the new team embarking on a major purge.

But on June 5, the Ministry of Finance announced in a press release that they has contracted Ripplenami Inc to provide a solution to “massive tax evasion and concealment of rental taxes”.

The Ministry said:
“The solution (system) will integrate data from various Ministries, Departments and
Agencies (MDA’s) to enable proper identification of individuals and Corporations to determine rental income prior to standard deductions”.

Ms Jaye Connoly-Labelle
Chairman and CEO Tiplenammi Inc. will earn 30 percent of all revenues collected by URA under the deal (PHOTO/File).

Betty Kasimbazi the Under-Secretary at the Ministry of Finance signed on behalf of government while Faruk Awadh, Director for Operations Africa signed on behalf of RippleNami Inc.

Witnessing the signing ceremony Finance Minister Matia Kasaija asked URA to collaborate with Ripplenami Inc who is set to start the job on July 1, 2020.

In a November 25, 2018 letter President Museveni complained that he had recommended the company only for its officials to be tossed around.

The President writing angrily to Finance Minister Kasaijja said:

“I’m therefore, now directing all the obstructors that the necessary agreements in the matter must be signed by 18:00hours, Tuesday, the 27th of November, 2018. Failure to implement this on the dot will attract decisive actions from me”.

President Museveni angrily wrote to Mr. Kasaija two years ago, directing for this deal

With the new changes at URA the president has his wishes answered.

Mr. John Musinguzi Rujoki the URA Commissioner General said tax body he heads will work closely

with other agencies including Ministry of Lands, NIRA, KCCA, URSB and utility companies to provide the necessary data which will be integrated with the RippleNami Inc technology.
It’s not clear why the firm should earn 30 percent of tax revenues collected from a job that can be done by the tax body.

Share this:

  • Twitter
  • Facebook

Related

Leave a comment

Tags: top

Get real time update about this post categories directly on your device, subscribe now.

Unsubscribe


About

The PML Daily, published via www.pmldaily.com is a publication of Post Media Ltd, a professional Digital/New Media company in Uganda.

Follow us



  • EDITORIAL POLICY
  • ABOUT US

© 2023

No Result
View All Result
  • Home
  • NEWS
    • Politics
    • Education
    • Regional
    • Africa
    • World
  • INVESTIGATIONS
    • National Archives
    • Special Reports
  • OpEd
  • BUSINESS
    • Agriculture
    • Tech
    • Finance
  • FEATURES
    • Health
    • Tours & Travel
    • Entertainment
    • Society
  • COLUMNISTS
    • The Suited Penguin
  • SPORT
  • Jobs
  • Magazines

© 2023

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist