Find visitors' favorite businesstravel Hotels And.... Book your best!

ad. Buy Grade A Premium Uganda Vanilla Beans NOW Available for Export  

East African Community Stops Double Taxation

EAC Summit

EAC Summit

EAC Summit East African Community Heads of State

Monday December 06, 2010

East Africa Community heads of state have agreed to remove double taxation for investors whose companies operate in two or more member countries.

Now, an investor will only pay taxes in one country where the company has its headquarters. The meeting also issued a number of directives on how to fast track the East Africa Community Monetary union.

During 12th Ordinary Summit of the Heads of State of the East African Community, Tanzania president Jakaya Kikwete pointed out the need for the 5 member countries to increase investments among themselves.

The decision to remove double taxation is thought to most likely attract more investors into the region with a population of more than 126 million people.

Poor infrastructure between the partner states has been cited as one of the major challenge leading to an increase in the cost of transportation which translates to the consumers. He says the member countries should quickly upgrade their infrastructure to ease trade.

In another development, EAC member states have agreed to collaborate on diplomatic affairs, which are geared towards strengthening the diplomatic ties within the region.

President Jakaya Kikwete handed over the EAC top seat to Burundi's Pierre Nkurunzizza.

Click here to post comments

Join in and write your own page! It's easy to do. How? Simply click here to return to Africa Uganda Business Travel News .

Haven't yet found what you Want...?

If you haven't yet found what you were looking for or you need detailed information about the subject matter on this page


feel free to ask our business travel consultants.

Book a Prisons & Correctional
Charity Tour

Farmland for Sale
Prime Commercial Property
Entebbe Rd Land 4 Sale
Over 20 Farmland Parcels
Property & Plots of Land

Uganda Online SuperMarket
Online SuperMarket

Uganda Coffee Safari
Book My Coffee Tour

Uganda Honey
Uganda HoneyComb

Subscribe to our Business Travel Newsletter

Enter Your E-mail Address
Enter Your First Name (optional)

Don't worry — your e-mail address is totally secure.
I promise to use it only to send you Africa Uganda Business Travel News Digest.

Hotel Booking

Car RentalCar Hire

Africa Uganda Shipping & Handling ServicesShipping & Handling Services

Our Sponsorship Policy

Apple Guavas available
Africa Uganda Plants GuideAfrica Plants Guide

Charity Investment Guide
Changing Lives

Africa Uganda SMS Guide
Africa Bulk SMS

Poultry Investment Guide
Poultry Business Guide

Related Pages

Uganda Hotels Directory

Uganda Hotels Booking Guide

Houses U can buy Uganda Real Estate Guide Industrial/Farmland Deals

Uganda Real Estates Guide

The Mountain Gorilla

Uganda Safari Guide

Uganda Weather Today

Book My Hotel

Please note that all fields followed by an asterisk must be filled in.

Please enter the word that you see below.


Uganda Currency