As the business community continues to grapple with cash bond issues, the private sector is calling for tax education on non-tariff barriers.
This follows reports that authorities in Kenya implemented a cash bond on goods destined to Uganda, which caused discomfort among the business community in the country but later withdrew after negotiations with Uganda revenue authority
However even after the negotiations cash bonds are still being implemented only on selected goods among them sugar and vehicles of 200cc, a matter that was confirmed by the ministry of trade.
Now the private sector is wondering why cash bonds are being implemented selectively affecting only Uganda in the East African community.
Speaking to Journalists, the Executive Director of Private Sector Foundation Uganda, Gideon Badagawa says there is need to enlighten the public on why these taxes are implemented selectively because it’s affecting the business community
