{UAH} National Social Security Fund and Allegations of Embezzled Millions
KAMPALA - Government has tabled to Parliament amendments to the law governing the National Social Security Fund (NSSF), seeking, among others, to compel all workers in the formal sector to make contributions to the fund.
The National Social Security Fund (Amendment) Bill, 2019 also seeks to exempt the workers' contributions to NSSF from taxation, but instead tax the members' retirement benefits. The Bill was table Tuesday by state minister for youth affairs Florence Nakiwala Kiyingi. The Bill's provisions were approved early this year by Cabinet.
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The National Social Security Fund (Amendment) Bill, 2019 also seeks to exempt the workers' contributions to NSSF from taxation, but instead tax the members' retirement benefits. The Bill was table Tuesday by state minister for youth affairs Florence Nakiwala Kiyingi. The Bill's provisions were approved early this year by Cabinet.
Instead of expanding the revenue sources by broadening the scope of NSSF and taxing members' retirement benefits wouldn't it be better to first recover the several millions of dollars former Minister Bakoko alleged had been embezzled by the "First" Family?
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