By Mirembe Martina
Uganda government has vowed it will not bail out the Pioneer Bus Company of its Sh8 billion debt with Uganda Revenue Authority (URA).
Yesterday, March 21st, the URA debt manager collector, Abdu Salam Waiswa said the buses will be put on auction for its failure to pay its tax debts. The buses will be auctioned off in 14 days after the announcement was passed. This will give the company time to clear off its debt before auction.
However, government has promised that it will not lift a finger to help the bus company. Government said the only way it can help is by taking over the bus company entirely from the hands of its owners.
Pioneer Easy Bus came at a time when transport fees had been hiked by commuter taxi operators saving the day for many. However, the buses, upon being imported had not been charged in taxes and ever since commencing of operations last year, the bus company had never paid any taxes to the tax company, URA.