Object of the Bill
The object of this Bill is to provide for the alteration of certain taxes and duties; to vary the rate of the environmental levy charged on used clothing, used shoes and other used articles; to provide for the Uganda Revenue Authority to issue certificates of origin; to waive arrears of tax accruing from SACCOs; to revise the lion tax revenue relating to services and documents under the Traffic and Road Safety Act, 1998; to repeal fees in respect to the Mining Act. 2003 under the FinanceAct, 2013, Act No.18 of2013 and the Finance Act, 20I4Act No. 10 of 2014,2003 and for related matters.
Bill Document
Other Attachments
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FPED3-16-Report on the Finance Bill, 2016.pdf
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| 2 |
Finance Act 2016.pdf
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The Finance Bill, 2016
Sponsored By Hon. David Bahati (Minister of Finance, Planning and Economic Development)
Committee: The Committee on Finance, Planning and Economic Development
Start
First Reading/Committee
Bill is still at First Reading, the first reading being the first stage of a Bill passage through the Floor of Parliament and is usually a formality, it takes place without debate, and the first reading of a Bill can occur anytime in a parliamentary session.
Second Reading
Bill is in the second stage. The second reading is the first opportunity for MPs to debate the main principles of the Bill. It usually takes place up to 45 days after the first reading.
Third Reading
Parliament is passing the Bill. The third reading is the final chance for the Members of Parliament to debate the contents of a Bill. Here debate on the Bill is usually short and limited to what is actually in the Bill rather than, as at the second reading, what might have been included.
Presentation/Waiting Assent
Waiting for Assent. Bill is waiting for the President to assent to it. When the Floor of Parliament has passed a Bill, it shall be presented to the President, and the President shall declare either that he assents to the Bill or that he withholds assent.
Assented by President
The Bill is now an Act of Parliament. When a Bill has completed all its parliamentary stages on the floor of Parliament, it must have President Assent before becoming an Act of Parliament (law). President Assent is the State agreement to make the Bill into an Act and it is a formality.
End
Bill passed on 30/06/2016
The Bill is now an Act of Parliament. When a Bill has completed all its parliamentary stages on the floor of Parliament, it must have President Assent before becoming an Act of Parliament (law). President Assent is the State agreement to make the Bill into an Act and it is a formality.
Bill Withdrawn on 01/01/1970