List: Companies that have benefited from Shs500bn tax waiver

Thirty four private companies are set to benefit from a government tax waiver worth Shs500b.

According to David Bahati, the State Minister for Planning, Parliament has on several occasions blocked the taxes from being budgeted for.

“We have come back to appeal to this House that we make commitments when we are approving loans, that some of the resources under counterpart funding are actually taxes and must be paid or written off; this is why we are here to ensure that we get this approval and clean up our records properly,” Mr Bahati said on Wednesday, according to Daily Monitor.

The House committee on Finance, in its report to Parliament, backed the government move, on the ground that the government incurred the arrears in the course of boosting the economy.

List of beneficiaries
Company Amount (Shs)
Arab Contractors 28.33b
Roko Construction 10.8b
Uganda Cement 9.2b
Nippon Parts 2.8b
Azu Properties Ltd 2.1b
Dott Services 8.3b
Trade Mark 368.1m
SGI Studio Galli Consultancy 1.2b
Summit Project Limited 318.1m
Steel&Tube Industries Ltd 20b
Cipla quality Chemicals Industries 57b
Guangzhou Dongzhou Energy Grp 8.4b
Oil Palm Ug Ltd, Kalangala 41.06b
Oil Palm Ltd 134.7b
Southern Range Nyanza Ltd 86.8b
Ministry of Finance 86.8b
Fine Spinners 2.5m
Mutoni Construction 5.06b
Bugisu Cooperative union 2.3b
Ministry of Health 900m
Aya Investments 3b
Liao Shen Industrial Park 26b
Lydia Home Textiles 400m
Lilly Benefits Centre 2.3b
Office of the Prime Minister 29b
Ministry of Finance 300m
Great Value Investment Ltd 2.3b
Great Value Investment Ltd 55m
Cooperation and Devt Ug 345m
Oil Palm Uganda Limited 43m
All Nations Christian Care 10m
National Cement Company 2.5b
Ministry of Finance 389m