Museveni Names MTN as the Top Taxpayers

Museveni Names MTN as the Top Taxpayers

President Museveni named and praised telecom company MTN as the top taxi payer with expected annual returns of Shs 701b.

He made this remark while he progressed with his scientific campaign in the Eastern part of the country this week.

Museveni said these companies contribute greatly to the economic growth of the country.

Among the other top tax payers named by Museveni are telecom company Airtel with Shs 500b and Bank of Uganda followed with Shs451b, Vivo Energy with Shs 423b, Total Uganda Shs 399b, Nile Breweries Shs 327b Uganda Breweries Shs 304b, Bidco Uganda Ltd Shs 192b and Stanbic Bank at Shs 164b.

Museveni said the government has been able to fund some of the road construction projects through taxes raised locally which has in the last 34 years of his regime increased from Shs5b in 1986 to Shs21trillion in the last financial year.