By Charles Katabalwa,
KAMPALA
The opposition Uganda People’s Congress (UPC) has asked the government to drop a proposed 0.25% tax on bank withdrawals, describing it as an additional burden on already strained Ugandans.
Speaking to the press, UPC spokesperson, Sharon Arach said although the party supports taxation as a tool for national development, it must be matched with tangible service delivery.
“We are not against taxation, but citizens must see value for their money through improved public services,” Arach said.
Arach further criticized the proposed measure as a form of double taxation, explaining that bank customers already incur multiple transaction charges imposed by financial institutions.
“The ordinary Ugandan is already paying bank charges. Introducing another tax on withdrawals is unfair and excessive,” she added.
UPC called on the government to reconsider the proposal and instead prioritise efficiency in revenue collection, while ensuring transparency and accountability in the utilisation of existing taxes.
Other proposed tax measures, including a Shs200 levy on fuel, a 30% increase on second-hand clothes, and a Shs300 tax on sugar. The party further raised concern over these taxes, warning that such policies could increase the cost of living.
