Ad-Man, Marketer & Entrepreneur. Loves adventure and is willing to push boundaries beyond infinity. In my world, impossible is nothing.
Clubhouse: @ekonga
Speaker Insight | Dickson Mushabe, CEO @Hostalite
"Entrepreneurship begins the day you stop worrying about what people say. Don’t lose hope when you fail the first or second time—your first big breakthrough will come when you least expect it."
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Despite government commitments to spur economic growth, private sector leaders say high taxes, expensive financing, rising production costs, and policy implementation gaps continue to hold back investment and business expansion in Uganda.
@HakiimsWampamba#NBSLiveAt9 #NBSUpdates
But @URAuganda we suppliers can only pay when we get paid as well. Please know that. It’s completely insane to get a loan to pay VAT when a guy like @EACOP_ hasn’t paid its VAT obligations in over three years to its suppliers. Past and present!
But @URAuganda how about we split interest on VAT with the companies that have longer payment schedules? It doesn’t benefit a supplier or contractor to pay interest after supplying goods on time.
But @URAuganda imagine a company with a 90day payment period and demands EFRIS on day one but you continue charging interest on VAT every month. Why shouldn’t that company pay the VAT interest due to delayed payments or wave the interest or let’s EFRIS at the point of payment
But @URAuganda why reject TCCs knowing that a guy like @EACOP_ doesn’t want to pay its VAT obligations? You literally have a petroleum department . What’s the use?
But @URAuganda do you know the hustle this institution called @EACOP_ has done to suppliers as regards VAT even after clearly rejecting deemed VAT applications?
But @URAuganda the guys you give tax breaks don’t pay suppliers on time, have you ever tried investigating why? Oba EFRIS is all you care about and start barking?
But @URAuganda what happines do you find in denying a payment plan? Do you know some of your government institutions don’t pay on time despite the contract saying otherwise?
What is the BIGGEST marketing mistake?
Before you craft a single AD, post, or email: know who you are speaking to! Age, pain points, aspirations, digital habits.
💡 Marketing Tip by @EckkoPius, Marketing Strategist at Redsquare Agency.
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@URAuganda what happens when a client deliberately refuses to clear your VAT? Is there a remedy for such organisations? Because at the end of the day it affects a supplier's tax credibility.