{"id":51050,"date":"2021-09-30T08:25:42","date_gmt":"2021-09-30T05:25:42","guid":{"rendered":"https:\/\/www.kfm.co.ug\/?p=51050"},"modified":"2021-09-29T16:16:51","modified_gmt":"2021-09-29T13:16:51","slug":"nssf-asks-for-tax-waiver-on-investment-income","status":"publish","type":"post","link":"https:\/\/www.kfm.dembefm.ug\/staging_h\/nssf-asks-for-tax-waiver-on-investment-income\/","title":{"rendered":"NSSF asks for tax waiver on investment income"},"content":{"rendered":"<p><strong>By Ritah Kemigisa<\/strong><\/p>\n<p>The National Social Security Fund, NSSF has asked for tax waivers on investment incomes.<\/p>\n<p>Speaking at the NSSF 9<sup>th<\/sup> Annual members meeting, the fund\u2019s managing director Richard Byarugaba says such exemption will also translate into a higher interest payment for the savers.<\/p>\n<p>According to Byarugaba, the biggest growth registered by the fund for this financial year is around income which grew from shs 1.4 trillion to shs 1.8 trillion.<\/p>\n<p>The fund has also registered a 17% growth in its asset base by which now stands at shs 15.5 trillion largely driven by investment incomes.<\/p>\n<p>However, finance minister Matia Kasaija said the reduction in taxes cannot happen when the government needs more funds to develop the economy.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Ritah Kemigisa The National Social Security Fund, NSSF has asked for tax waivers on investment incomes. Speaking at the NSSF 9th Annual members meeting, the fund\u2019s managing director Richard Byarugaba says such exemption will also translate into a higher interest payment for the savers. According to Byarugaba, the biggest growth registered by the fund for this financial year is around income which grew from shs 1.4 trillion to shs 1.8 trillion. The fund has also registered a 17% growth in its asset base by which now stands at shs 15.5 trillion largely driven by investment incomes. However, finance minister Matia Kasaija said the reduction in taxes cannot happen when the government needs more funds to develop the economy.<\/p>\n","protected":false},"author":16,"featured_media":51051,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_uf_show_specific_survey":0,"_uf_disable_surveys":false,"episode_type":"","audio_file":"","cover_image":"","cover_image_id":"","duration":"","filesize":"","date_recorded":"","explicit":"","block":"","filesize_raw":"","jnews-multi-image_gallery":[],"jnews_single_post":{"source_name":"","source_url":"","via_name":"","via_url":"","override_template":"0","override":[{"template":"1","single_blog_custom":"","parallax":"1","fullscreen":"1","layout":"right-sidebar","sidebar":"default-sidebar","second_sidebar":"default-sidebar","sticky_sidebar":"1","share_position":"top","share_float_style":"share-monocrhome","show_share_counter":"1","show_view_counter":"1","show_featured":"1","show_post_meta":"1","show_post_author":"1","show_post_author_image":"1","show_post_date":"1","post_date_format":"default","post_date_format_custom":"Y\/m\/d","show_post_category":"1","show_post_reading_time":"0","post_reading_time_wpm":"300","show_zoom_button":"0","zoom_button_out_step":"2","zoom_button_in_step":"3","show_post_tag":"1","show_prev_next_post":"1","show_popup_post":"1","number_popup_post":"1","show_author_box":"0","show_post_related":"0","show_inline_post_related":"0"}],"override_image_size":"0","image_override":[{"single_post_thumbnail_size":"crop-500","single_post_gallery_size":"crop-500"}],"trending_post":"0","trending_post_position":"meta","trending_post_label":"Trending","sponsored_post":"0","sponsored_post_label":"Sponsored by","sponsored_post_name":"","sponsored_post_url":"","sponsored_post_logo_enable":"0","sponsored_post_logo":"","sponsored_post_desc":""},"jnews_primary_category":{"id":""},"jnews_social_meta":[],"jnews_override_counter":[],"footnotes":""},"categories":[7],"tags":[],"class_list":["post-51050","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/www.kfm.dembefm.ug\/staging_h\/wp-json\/wp\/v2\/posts\/51050"}],"collection":[{"href":"https:\/\/www.kfm.dembefm.ug\/staging_h\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.kfm.dembefm.ug\/staging_h\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.kfm.dembefm.ug\/staging_h\/wp-json\/wp\/v2\/users\/16"}],"replies":[{"embeddable":true,"href":"https:\/\/www.kfm.dembefm.ug\/staging_h\/wp-json\/wp\/v2\/comments?post=51050"}],"version-history":[{"count":0,"href":"https:\/\/www.kfm.dembefm.ug\/staging_h\/wp-json\/wp\/v2\/posts\/51050\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.kfm.dembefm.ug\/staging_h\/wp-json\/wp\/v2\/media\/51051"}],"wp:attachment":[{"href":"https:\/\/www.kfm.dembefm.ug\/staging_h\/wp-json\/wp\/v2\/media?parent=51050"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.kfm.dembefm.ug\/staging_h\/wp-json\/wp\/v2\/categories?post=51050"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.kfm.dembefm.ug\/staging_h\/wp-json\/wp\/v2\/tags?post=51050"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}