President Yoweri Kaguta Museveni has warned government agencies in charge of taxation from imposing direct taxes on large scale manufacturers.
This, Museveni said discourages investment.
Speaking at Hariss International, the producers of Riham products, at their factory in Kawempe, Museveni said he doesn’t want tax agencies to disturb his manufacturers with what he called useless taxes.
President commended the Chairman of Hariss International Limited, Yasser Ahmed for contributing to the development of Uganda’s economy.
Since its inception in 2005, the company has evolved and expanded its portfolio to more than 50 products such as carbonated soft drinks, natural mineral water, fruit juices, malt & energy drinks, biscuits and sweets among others.
The President explained that as leaders of the country, they knew that Uganda has a very big economic potential and that is why they managed to transform it into a big dairy producing country and that very soon it will overtake many countries in the world which produce milk and milk products.
Museveni also described Yasser’s investment as a saviour in Uganda since it links fruit producers with the internal market. END.