FIATA FFVT- UFFA Train -the- Trainer Course TOPIC:REASONS FOR TAXES - PowerPoint PPT Presentation

FIATA FFVT- UFFA „Train -the- Trainer‟ Course  TOPIC:REASONS FOR TAXES IN UGANDA  BY FRANCIS OTYAMA P.O.Box 10606, Kampala, Uganda fotyama@yahoo.co.uk Mobile Phone +256782642882 29/04/2019

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Four “ P ” concept  “ P assenger ” Your  “ P rotester ” PARTICIPATION  “ P risoner ” is essential !  “ P articipant ” 3

Overall Objective At the end of the lesson, participants will be able to state three reasons why govern levy taxes in Uganda

Lesson overview  Define tax  List Different taxes in Uganda  Give reasons why taxes are levied in Uganda  Assessment/Evaluation 5

Expected results What should we achieve ? Understand Why taxes are levied in Uganda Apply the theoretical knowledge Develop capacity to state reasons for paying taxes 6

DEFINITIONS  Tax is a payment by entities to government for goods and services  It‟s a transfer of funds/revenue from entities to government

TYPES OF TAXES IN UGANDA  Value Added Tax (VAT)  Income Tax (PAYE, Withholding tax, corporation tax, Rental tax, )  Duties (Import Duty, Excise Duty)  Levies and fees

REASONS FOR TAXES  3Ps  PROMOTE  PROTECT  PROHIBIT

PROMOTE  Industrialization  Revenue Collection From 180Bn(1991/92) To 16Trn (2018/19  Trade between Partner States

PROMOTE cont…  Provision of social services  Development of infrastructure

PROTECT  Domestic industries  Citizens against harmful goods/products e.g., tobacco, alcohol,  Environment. E.g., Greenhouse gases (CO, CO2, CFCs, HCFCs, etc)

PROHIBIT  Consumption of dangerous goods e.g cosmetics containing hydroquinone  Importation of hazardous goods e.g asbestos, ozone depleting substances  Conclusion:  Promote, Protect and Prohibit  Recommendation: EACCMA, EACCET, DT Laws, ITA, EDA

THANK YOU

QUESTION  By using the 3P concept, State three reasons why government pay taxes