Value |
Category |
CAPITAL EROSION DUE TO FALL IN VALUE OF UGX |
|
CHANGES IN GOVERNMENT LAWS ESPECIALLY DR CONGO |
|
CLIENTS FEAR TO DECLARE RESOURCES AND OTHER INCOME SOURCES |
|
CLIENTS WHO ASK TO BE PAID IN DOLLARS AND BUREAUS WHO PAY REMITTANCES IN DOLLARS |
|
COMPETITION |
|
COMPETITION FROM SMALL COMPANIES |
|
CURRENCY DIFFERENCES |
|
CUSTOMS OFFICE DELAYS |
|
CUSTOMS VALUATION IS MAIN PROBLEM WITH NO PROPER METHOD |
|
Competition from the market price. The market is small yet there are so many players. |
|
DELAY IN REFUND OF VAT CLAIMED |
|
DUE TO THE ABOVE FACTORS BUSINESS IS HARD |
|
ENVIROMENTAL LEVY (50% AND 35%) |
|
ENVIRONMENTAL LEVY IS HIGH |
|
ENVIRONMENTAL LEVY STILL AROUND 30% AND 35%. |
|
EXCHANGE RATE VOLATILITY |
|
FAILURE TO IMPLEMENT PROTOCALS AGREED BY PARTNER STATES |
|
FRAUD STARS WHO HACK INTO RECIEVERS EMAILS |
|
HARMONISING INTERESTS OF DIFFERENT COUNTRIES IS HARD DUE TO SLOW INTERGRATION |
|
HEAVY TAX |
|
HIGH COST OF CAPITAL FINANCING |
|
HIGH COST OF DOING BUSINESS |
|
HIGH TARIFF BY SERVICE PROVIDERS MTN, AIRTEL |
|
HIGH TARRIFFS BY THE SERVICE PROVIDERS |
|
HIGH TAXES HAVE DISCOURAGED BUSINESS AS THEY ARE ALSO MANY AND ALMOST UN AFFORDABLE |
|
HIGH TAXES ON IMPORTS |
|
High fuel prices. |
|
High interest rates on bank loans. |
|
High prices of commodities that scares away customers, hence business growth deteriorates. |
|
High transport costs. |
|
ILLEGAL MONEY EXCHANGERS |
|
IMCREASE OF FRAUDULENT CLAIMS |
|
IMPACT OF FOREIGN EXCHANGE FLUCTUATION ON DAY TO DAY BUSINESS |
|
INCONSISTENCY IN NETWORK WHICH CREATES BUSSINES JAM |
|
INFLATION IN FUEL PRICES |
|
INFLATION INCREASED INTEREST RATE |
|
INFLATION WEAKENING LOCAL CURRENCY |
|
INRODUCTION OF CASH AND CARRY BY IRA |
|
INTERNET IS TOO EXPENSIVE |
|
LACK OF LOCAL EXPERTISE IN THE INDUSTRY |
|
LACK OF PERSONAL INTERACTION WITH URA OFFICERS WHICH DELAYS OPERATIONS |
|
LACK OF RELIABLE SOURCE OF UPDATED INFORMATION ABOUT THE DIFFERENT SECTORS |
|
LACK OF SAVING CULTURE BY UGANDANS |
|
LIMITED MARKET FOR PRODUCTS |
|
LIMITED TIME PERIOD GIVEN AND HIGH PENALTIES ATTACHED |
|
LOSSES DUE TO CHANGING DOLLAR RATES. |
|
Macro-economic volatility, unstable exchange rates and increasing inflation. |
|
Many tax operators forexample URA,KCCA,NSSF and Bank charge overwelming for forex bureaus |
|
NEW TAX EVERY FINANCIAL YEAR DISTORTS CUSTOMER EXPECTATIONS |
|
NO DISSEMINATION OF RELEVANT INFORMATION TIMELY |
|
NON PERFORMING LOANS SINCE CUSTOMERS HAVE SMALL CASH FLOWS TO PAY BACK IN TIME |
|
Network failure during assessment especially for perishables. |
|
Overchanging financial reporting requirements, its complexity and regulatory changes. |
|
POOR ECONOMY LEADING TO STRESSED LOANS |
|
POVERTY HENCE SO LITTLE TO SPEND ON INSURANCE |
|
POWER FLUCTUATIONS/GOVERNMENT POLICIES ON REPORTING GUIDELINES |
|
PROMOTING INVESTMENT AT AN EXPENSE OF LOCAL INVESTMENT |
|
Poor relationships with commercial banks that influences the exorbitant charges. |
|
RELOCATION OF FOREGN CLIENTS DUE TO HIGH TAXES |
|
REVENUE OFFICERS SHOULD MINIMISE DELAYS IN RELEASING DOCUMENTS |
|
SKILLED MANPOWER IS VERY EXPENSIVE FOR AUDIT FIRMS |
|
SMALL MARKETS |
|
SOME CUSTOMERS GET DISCOURAGED THAT WE IMPLEMENT URA GUIDELINESINSTEAD OF GOING AROUND THEM TO PAY LESS TAX |
|
Small banking population. |
|
Stiff competition which leads to undercutting. |
|
System breakdown of UNRA |
|
TAX RATES ARE VERY HIGH LEADING TO THE TEMPTATION OF TRADERS TO EVADE TAXES. |
|
TAXES ARE MANY AND HIGH |
|
TAXES ARE MANY AND SOMETIMES TOO HIGH AND UN AFFORDABLE |
|
TAXES TO FINANACAL TRANSCATIONS |
|
TAXES TO FINANCIAL TRANSACTIONS THAT SCARE AWAY CLIENTS |
|
THE HIGH COST IN WORK PERMITS FOR FOREGN STAFFS |
|
THE NUMBER OF CLAIMANTS HAS ALSO GONE UP THUS AFFECTING OUR OPERATIONS |
|
THE TYPE OF FOOD CONSUMED IN THOSE COUNTRIE IS ALSO A PROBLEM BECAUSE WE ARE NOT USED TO IT |
|
THERE IS NO INIFORM FORM OF ASSESING TAXES |
|
Too many taxes e.g VAT, stamp duty, sticker fee. |
|
UNBS STAFF ARE VERY FEW TO CLEAR FASTER |
|
UNFAIR DIDDING PROCESS AND SELECTION CRITERIA |
|
UNFAIR POLICIES IMPOSSED ON US BY URA & NO DISCUSSION BETWEEN URA AND CLEARING AGENTS. |
|
UNFAVOURABLE GOVERNMENT POLICES |
|
UNSTABLE FOREX RATES |
|
URA IS ALWAYSCOMINGOUT WITH MANY INCONVENIENCING CHANGES |
|
URA SYSTEM IS LOW AND THEREFORE LEADS TO DEMURAGE CHARGES BY TRANSPORTERS |
|
URA has made clearing bureaucracy very long from 6days to 3weeks instead of a day, two, or even tree days |
|
URA's system keeps getting off thus clients end up paying damages. |
|
VAT (18%) CHARGED TO THE CORPORATIONS INSURANCE PREMIUM DESPITE WAIVERS ENJOYED OF OTHER REGIONAL OPERATORS. |
|
WE DONT HAVE ENOUGH POWER TO COLLECT ALL THE STATISTICS YOU NEED |
|
bad working culture, bad attitude towards work and bad expenditure patterns. |
|
Warning: these figures indicate the number of cases found in the data file. They cannot be interpreted as summary statistics of the population of interest.