The Ugandan Parliament has approved a tax waiver of Shs8.7 billion for Fresh Cuts Uganda Limited, a meat exporting company. This decision was made despite some lawmakers arguing that the company did not adequately prove it deserved the waiver. The Finance Committee of Parliament recommended the waiver after finding that Fresh Cuts was struggling financially, with debts much higher than its assets. The company has faced challenges, including frozen bank accounts and confiscated equipment, which have hurt its ability to operate. Some MPs raised concerns that simply waiving the tax would not solve the deeper issues affecting the company's management and financial health. They suggested that the government should consider taking over the company or finding other solutions to help it recover. Additionally, Parliament approved another tax waiver of Shs2.518 billion for Innovations for Poverty Action, which had fulfilled its tax obligations but faced delays from the Uganda Revenue Authority in processing the waiver.
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