The Minister of State for Planning, David Bahati, has listed has listed companies that the Uganda will grant tax exemptions in the next financial year as government seeks to woo more investors into the east African land locked country.
Minister Bahati told the Parliamentary Committee on Budget chaired by Ntenjeru North Amos Lugolobi on Tuesday that the exemption was meant to attract foreign investors, add value to local content and increase the exports.
He said: “In a bid to incentivize strategic and critical investors and stakeholders, it has been government policy to relieve taxpayers investing in strategic sectors.”
COMPANIES EXEMPTED
- Aya Investments Uganda Ltd
- Bidco Uganda
- NYTIL
- Vinci Coffee Industry
- Quality Chemicals Uganda
- Steel and Tube Industries
- Roofings and Rolling Mills
- Avsi Foundation
- Bujagali Energy Company
- Guanghou Dongsong Energy Group
- National Cement Company
- Fine Spinners
- All Nation Christian Care
