Which tax increment in the 2014/15 national budget will affect your life the most?
BACKGROUND
On June 12th, Uganda’s Minister of Finance Maria Kiwanuka, presented Uganda’s budget for the year 2014/15, and had this to say about it:
“With this budget, we shall build modern and lasting infrastructure, we shall deliver services, create jobs, eliminate poverty, increase incomes and ultimately improve the overall quality of life of Ugandans”.
If the budget is approved, a 15 percent tax will be charged on winnings from sports betting. There shall also be a 10% increase on money withdrawal fees, bank charges, and money transfer fees. You will also pay more for petrol, diesel, kerosene and even basic household items like sugar and salt.
QUESTION
Which tax increment in the 2014/15 national budget will affect your life the most?
A. Raising income tax from 1-3 percent
B. Raising taxes on sugar by 25 shillings
C. Imposing a 15% tax on winnings from sports betting
D. Imposing a 10% tax on mobile money withdrawals and bank transfers
E. Increasing taxes on petrol, diesel and kerosene
INSTRUCTIONS:
Go to messages on your phone and type in WA followed by either A, B, C, D or E. Send your message to 8585 - Totally FREE of charge.