The previous performance report indicated that international trade taxes posted a deficit of 89billion shillings while domestic taxes posted a surplus of 34 billion shillings.

money currencies of the world

Now in the just released performance report for the month of October, the tax body says it collected only 516 billion against a target of 537 billion shillings registering a deficit of 21.2 billion. Shillings

This is mainly due to the international trade taxes amounting to 241 billion shillings while domestic taxes contributed 289 billion shillings

The international trade barriers pointed out include the Mombasa cash bonds, and the exchange rate.

The assistant commissioner of customs Katehsumbwa Dickson says the tax body hopes this to revert in the coming month now that cash bonds have been relaxed.

The post URA concerned about reduction in taxes on international trade first appeared on Uganda Multimedia News & Information.

Kampala traders

The policy requires manufactures to fulfill the excepted minimum standards of production. The senior industrial officer in the ministry of trade Francis Odong says the policy is one of the requirements by the world trade organization of 1995.

Odong says the accreditation policy aims at goods and services so as to have international recognition which in turn improves Uganda’s competitiveness across borders.

Odong adds that Uganda faces numerous challenges of substandard goods and can’t compete at the international markets because of lack of accreditation body.

He points out that the ministry of trade animal and industry has a comprehensive plan of support the agriculture sector.

By Mugisa Isaac Mathias

The post Uganda National policy on accreditation needed first appeared on Uganda Multimedia News & Information.