Ministry of Finance Director Visits Kiyembe Traders over Textiles Tax Increment
Ministry of Finance Director Visits Kiyembe Traders over Textiles Tax Increment

KACITA Uganda, textile dealers and importers host officials from ministry of finance planning and economic development

KACITA Uganda together with the textile dealers and importers have today hosted officials from ministry of finance planning and economic development to a tour of the textiles, tailoring and designing centres.

This is in a bid to demonstrate the effect of the increment of 5 dollar per kilo for textiles.

It is proved that there are many material types that are not produced in Uganda yet they greatly provide alot of support to our economy.

There are millions of people employed in this industry 8ncluding those who have been graduating from the presidential skilling programs as away of reducing unemployment in the country.

As we speak, many containers are stuck at Mombasa others in inland warehouses as other are still on huh seas. This has led to accumulated storage/ demurrage fees and may lead to auctioning of these containers due to high un affordable taxes and other costs.

People’s shops and stores are empty in addition to continuing paying rent while not working. Many people have bank loans whose interest is accumulating daily.

We only have one request, scrap off and withdraw the 5 dollar per kilo policy and we maintain the transaction value. We are the most tax compliant people who even contribute the biggest portion of the country’s GDP.

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