Uganda’s tax collectors are predicting a drastic reduction in food prices and inflation rates in the coming four to six weeks.

Food stuffs in Nakasero Market Kampala Uganda

According to the Uganda Revenue Authority Commissioner in charge of customs, Richard Kamugyugo, this comes at a time when harvests are being made by farmers following a long drought period which forced the prices to rise.

Kamugyugo re-affirms that govt has not increased taxes for the past years but has been surprised by the rapid commodity price increment.

However, he maintains that there are no intentions by govt to slash taxes on imported goods as it was done by neighbouring Kenya saying if it will cause a great impact on the country’s economy.

The authority confirms that government collects UGX.700 billion  as taxes from oil in a year.