ARUA, UGANDA | THE INDEPENDENT | The Ministry of Commerce Business and Cooperatives has introduced a tax waiver for Small and Medium Enterprises (SMEs) from Northern Uganda who will take part within the forthcoming East African Commerce expo.
The expo, now in its twenty sixth version will likely be hosted in Juba, South Sudan between October 26 and November 6 2024 and can deliver collectively merchants from throughout the bloc.
Godfrey Tukamubona, the Assistant Commissioner accountable for advertising disclosed that the 15-day tax waiver is a part of the federal government’s incentive to advertise native content material and Small and Medium Enterprises.
He added that underneath the inducement, the federal government won’t apply the 18 per cent Worth Added Tax (VAT) on the dealer’s income in addition to prices on the border submit. He was addressing merchants throughout a preparatory assembly in Arua Metropolis on Tuesday,
Denis Okao, the coordinator of Uganda Small Scale Industries Affiliation for the West Nile Area welcomed the event noting that the regional commerce expo will present market linkage alternatives for SMEs to develop their companies.
The enterprise classes which can be required for the exhibition embody small merchants significantly these in Worth Addition, Arts and Crafts, garments made inside East Africa, Natural drugs, shoe making, cultural teams and any handmade gadgets amongst others.
Nonetheless, Jobel Ayiko, the Arua Metropolis Senior Business Officer suggested merchants to start out processing the required journey paperwork and keep away from last-minute rush and frustrations.
In keeping with the exhibition pointers issued by the Ministry of Commerce, every taking part SME is anticipated to pay 100,000 Shillings to register for the mega exhibition. At the least 250 slots have been allotted for taking part Small and Medium Enterprises from Northern Uganda.
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