Samuel Kahima

Father, partime farmer, tax collector and lawyer. The world could be a better place!

[Samuel Kahima @SamuelKahima]

Do you remember when you joined X? I do! #MyXAnniversary

[Samuel Kahima @SamuelKahima]

@SimonKaggwaNjal ahaa! Isn't defending the obvious indiscretions more rubbish!!

[Simon Kaggwa Njala @SimonKaggwaNjal]

Can’t you be better for once? A man of your character can’t be propagating tabloid rubbish. Style up!

[Samuel Kahima @SamuelKahima]

Are you sure?

[Mugisha Hussein @husseinbig]

@FERDINANDIUS But Sam was enforcing the 40% on amounts in excess of Ushs 10m for 2 decades. Has he changed his mind over night?

[Samuel Kahima @SamuelKahima]

Actually the provision has no problem. Someone in URA wanted the easier route so they thought. The idea was to make 40% the highest marginal rate for persons in secondary employment, and I think they are still doing that...quite illegal

[SON OF LOYOLA @FERDINANDIUS]

I think this is one of the poorly drafted clauses and has caused confusion and URA has taken advantage of it. If we take this argument, then it means that 10% is what is charged on any amount above 10m per month and not 40% which URA applies. Please share with us the documentation we can rely on to understand better. Thanks

[Samuel Kahima @SamuelKahima]

Courts! There are many irregular matters done yonder not challenged....so according to your interpretation, an additional sur tax of 10% automatically translate into a marginal rate of 40%??

[Winnie B @BCWinnie]

@SamuelKahima Well done on drafting and the participation, Samuel.

Unfortunately it was badly drafted in that case because it clearly means add 10% to 30% if you exceed 10M.

I can’t be blamed that we all interpret and apply it as we see it. By now it would have been challenged in court.

[Samuel Kahima @SamuelKahima]

It actually doesn't mean that. You need to first simulate various scenarios. I hope the well done was not in jest...it was actually deliberate...

[Winnie B @BCWinnie]

@SamuelKahima Well done on drafting and the participation, Samuel.

Unfortunately it was badly drafted in that case because it clearly means add 10% to 30% if you exceed 10M.

I can’t be blamed that we all interpret and apply it as we see it. By now it would have been challenged in court.

[Samuel Kahima @SamuelKahima]

Actually, what URA was trying to implement iro of the so called 40% for persons in secondary employment was quite irregular and utterly illegal!

[Samuel Kahima @SamuelKahima]

Tax Mamba, FYI I drafted that law. Deliberately we could not make the highest marginal rate 40%. FYI again i participated in the configuration debates....so

[Samuel Kahima @SamuelKahima]

Tax Mamba, FYI I drafted that law. Deliberately we could not make the highest marginal rate 40%. FYI again i participated in the configuration debates....so

[Winnie B @BCWinnie]

@SamuelKahima Your ITA doesn’t have the additional 10% when you exceed 10M p.m?

[Samuel Kahima @SamuelKahima]

Tax Mamba. There is actually no rate of tax of 40% . It has been a misrepresentation for a while including persons who should know better at URA. The highest marginal rate is still 30%. What should be explained is the 10% sur tax

[Winnie B @BCWinnie]

@abaasadaniel 😂

Let me try.

Currently if you earn above 10M p.m ure taxed 40%. (So it’s not new)
The writer was accounting for 18% VAT charged on free items given to employees in the new Bill (not on their salary though). So he totaled it to 58% wrongly because you don’t pay the latter. 1/2

[Samuel Kahima @SamuelKahima]

@wa_Kabwohe @pk VAT on goods is about stock audits. If you can't audit stock, forget.

[Samuel Kahima @SamuelKahima]

@PK Snr But the law on application to use already exists! For a non business purpose! What is this law intended for?

[PK Snr @wa_Kabwohe]

Bottom line; URA is saying, you incurred VAT when procuring or manufacturing these goods, please account for VAT when passing them over either as a sale or a "gift" to your employees. If you're willing to forego the entire sale, accounting for 18% can't be the deal breaker. End.

[Samuel Kahima @SamuelKahima]

Still shaking my head.....

[MZEE KAMBA BHAMUSANGALA @KAMBAMICHAEL1]

@MarkRuhindi In case the Buffalo is behind the new tax and he bribes the MPs 🤷

[Samuel Kahima @SamuelKahima]

@MarkRuhindi ofcourse there will be some noise in respect of what has been informal trade in land especially in cities and municipalities. How would you propose to address this informality ? Would you rather the obvious gains go untaxed?

[Mark Ruhindi @MarkRuhindi]

INCOME TAX(AMENDMENT) BILL 2024: THERE'S A LIKELIHOOD OF DOUBLE TAXATION; LEGISLATIVE CONSIDERATIONS TO NOTE.
There's a bad law that was rejected by parliament last year. It has now been sanitised and is back in another form. Read here https://t.co/VqaR4taz5c via @MarkRuhindi

[Samuel Kahima @SamuelKahima]

@MarkRuhindi maybe you reexamine this provision. I think it is good law especially in as far as it relates to shares and rental property. It provides for a lower rate than the current law. This is a typical schedular system, double taxation will not arise.

[Mark Ruhindi @MarkRuhindi]

INCOME TAX(AMENDMENT) BILL 2024: THERE'S A LIKELIHOOD OF DOUBLE TAXATION; LEGISLATIVE CONSIDERATIONS TO NOTE.
There's a bad law that was rejected by parliament last year. It has now been sanitised and is back in another form. Read here https://t.co/VqaR4taz5c via @MarkRuhindi

[Samuel Kahima @SamuelKahima]

@MAAIF_Uganda, @FrankTumwebazek Dear Ministry, are you aware FMD quarantine has been lifted by "popular " vote ? Have you authorised this? Or you are waiting for disaster?

[CEO East Africa Magazine @CEOEastAfrica]

In a classic "looking for pennies and missing the pounds" analogy, @SamuelKahima, a tax advocate takes a swipe at Uganda's tax regime for what he argues is short-termism that front-loads investors with a heavier tax burden, thus risking making Uganda uncompetitive as an investment destination.

He also calls for a stable and certain tax regime, concluding that the frequent and almost annual "ritual of legislative changes in the tax laws should as much as possible be avoided".
https://t.co/aW6EmF7R7D

[Samuel Kahima @SamuelKahima]

Even humanitarian assistance!! Yamaawe....share her reasons...hopefully not Biblical...

[SON OF LOYOLA @FERDINANDIUS]

The case of South Africa against Israel’s conduct of war in Gaza: ICJ rules that it has jurisdiction and further issues provisional measures. Ugandan Justice Julian Sebutinde votes against all provisional measures including “humanitarian assistance” for which Israel’s judge on the panel agreed to.

[Samuel Kahima @SamuelKahima]

@EtwinoEnoq @rkabushenga @coffeeinvestug @KakandeAlex Cash secured interest rate could be lower than 12%. Also, if the business is working and can payback, why not preserve what you already have!

[Samuel Kahima @SamuelKahima]

Wait when they reject anything that includes word "Fintech"

[Silver Kayondo @SilverKayondo]

So, according to @URSBHQ, I can not use the word "lawyer" in my name for Amicus Lawyers' Gift Shop. They have delayed me for a month about this, and I can not obtain a Trade License from KCCA.

They abuse their statutory mandate at will. Their boss is just PR & no leadership.

[Samuel Kahima @SamuelKahima]

@UgMicrofinAuth who is the Regulator of on line micro lenders? Mangucash, quicksente, isente, etc. Where do these lenders derive authority and audacity to harass the public in respect of unpaid loans by their debtors?