The Independent In The Magazine
Kampala, Uganda | THE INDEPENDENT | The Minister of Justice and Constitutional Affairs Norbert Mao said for the Uganda Registration Services Bureau to hit its target of Shs90 billion as non-tax revenues, the bureau needs to harmonize its systems to favour the junior businesses to be able to compete with the giant businesses.
Mao was speaking during the launch of the Mass Business Registration Strategy dubbed “KIRI EASY FORMALIZE TODAY”
Whereas business formalization in Uganda has undergone tremendous reforms and improvements, over 53 per cent of business operators are still operating in the informal sector which is narrowing the target of the non-tax revenues.
To curb this, the Uganda Registration Services Bureau has today unveiled a mass business Registration strategy aimed at creating awareness among the business community from the private sector to formalize their businesses.
“This initiative that we have unveiled today will cater for all classes of people, be it in the village and town whether you have a small business or large, the common goal is formalization”, Kainobwisho said.
