The finance minister Miria Kiwanuka while reading the 2014/15 budget on Thursaday at Serena International Conference Centre terminated tax exemptions on the following supply with effect from 1st July 2014:- Supply of New Computers, Desktop Printers, Computer Parts and Accessories and Computer Software Licenses.

The government also terminated exemptions of the supply of hotel accommodation in tourist lodges and hotels outside Kampala District; supply of Liquefied Petroleum Gas; supply of Feeds for Poultry and Livestock, supply of Agriculture and Diary Machinery and supply of Packaging Materials to the Diary and Milling Industries.

It also terminated exemptions on the supply of Salt, supply of Insurance Services except medical and life and supply of Specialized Vehicles, Plant and Machinery services and civil works related to roads and bridges construction, agriculture, water, education and health. The above measures are projected to generate 215 billions and the details are contained in the VAT (Amendment Bill) 2014. Termination of the exemptions VAT zero-rated supplies with effect from 1st July 2014 include i.    Supply of Printing Services for Educational Materials ii.    Supply of cereals, grown, milled or produced in Uganda iii.    Supply of processed milk and milk products iv.    Supply of Machinery and Tools for Agriculture v.    Supply of Seeds, Fertilizers, Pesticides and Hoes The measures are projected to yield 30.4 billions and the details are contained in the VAT (Amendment Bill) 2014. Increased excise duty on petrol and diesel by sh50 to increase revenue collections. The measure is expected to raise about 60 billions. Ends