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"id": 955076,
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"type": "speech",
"speaker_name": "Butula, ODM",
"speaker_title": "Hon. Joseph Oyula",
"speaker": {
"id": 13313,
"legal_name": "Joseph H Maero Oyula",
"slug": "joseph-h-maero-oyula-2"
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"content": "The Bill also realigns the taxes by ensuring that the areas that are overtaxed are brought down; except the areas that require a lot of tax such as the sin taxes which must be increased. The Bill also adjusts some rates which have been brought in. I am sure that at a certain time, some of these rates will be lowered or removed. The Bill has improved on the withholding tax by reducing it from 6 to 2 per cent. This assists those who are collecting tax by ensuring that their money is not held for a long time. So, that reduction improves their cash flow."
}