Luna savings & investments

We are a saving and investment group regulated by equity bank-uganda. The group holds a joint saving account where members save 15000= ushs monthly.

Operating as usual


Top Five With Violet Benson

The holidays are here so if you need some extra cheer, then watch this video to spice up your holiday, dear.

[06/24/17]   Good evening pals. luna wishes you a fabulous iddi

[03/20/17]   You don’t get involved in drama. You don’t thrive off it like others do. Family is more important to you. You would rather watch an episode with your sister then go to a bar with the girls.
Reasons Why Intelligent People Have Less Friends. Think and act willingly

[11/21/16]   Its yet another luna meeting come 27th on Sunday November 2016,. This time we are meeting in kisaasi. As usual we shall do an evaluation of our personal savings and then talk about the available opportunities. Wish you the best. Good night God bless you all.

[05/30/16]   Good evening Luna, we were meant yo have our may meeting on 29th may but We couldn't. However me, dero, ba links and mark with sharif resolved that we first analyse our personal accounts issues, clear March, April arrears and we continue. our may theme this time is STICK TO THE PLAN.

Thank You
Gerald Bwambale
Treasurer Luna

[04/26/16]   Good morning Luna. We’re all doing the best we
can with the knowledge we
have. Sometimes we know
more than others, but they
don’t know we do.
Sometimes others know
more than we do, but we
don’t know it. And
sometimes we think we
know more than others but
actually don’t. This is the
source of a lot of
confusion, anger, and
resentment. Life can be
really tough at times, but
every one of us, every
person we know and meet,
is doing the best he can to
navigate this life.
We didn’t come here to be
sad or to be in pain. We
came here to grow and to
be happy. To learn and
experience. No matter where
we are in life, we’ve done a
lot of awesome things and
have learned a lot. That
stays with us forever. When
we’re feeling down, we need
only remember all
we’ve learned. We’re much
more knowledgable and
experienced right this
second than we’ve ever
been. That’s always
something to be proud of.
Any limitations we have in
life, real and perceived,
we set up for ourselves not
in the hope that we would
suffer, but in the hope that
we would overcome them.
We are perfect just as
we are. Of course we can
always do more and keep
working towards
our dreams, but we, as
people, are just how
we’re supposed to be, and
no other person in existence
is the same.
People don’t care about our
lives as much as we tend to
believe. When we worry
about what others think of
us, they are actually
worrying about themselves.
They don’t have the time or
energy to worry about what
we’re doing. When
we realize this, it’s freeing.
We are completely free to
be ourselves, exactly as
we are, always.
Everything around us is
amazing. Even in the
simplest things is extreme
complexity: the growth of a
plant, the flight of a
dragonfly, the operation of
a single cell. At the same
time, the entirety of the
universe, the truth about
everything, is very simple.
It’s all just motion.
Everything is always in
motion, and we’re all
moving together. We are a
small but significant part of
a huge universe, and
everything in it is dancing

[03/21/16]   The law of demand states that the rate of
consumption falls as the price of the good
rises, even when the consumer is monetarily
compensated for the effect of the higher price;
this is called the substitution effect. As the
price of a good rises, consumers will
substitute away from that good, choosing
more of other alternatives. If no compensation
for the price rise occurs, as is usual, then the
decline in overall purchasing power due to the
price rise leads, for most goods, to a further
decline in the quantity demanded; this is
called the income effect.

[02/05/16]   luna tuli kukii?


Luna savings & investments

[01/26/16]   Ad valorem tax
An ad valorem tax (Latin for "according to
value") is a tax whose amount is based on
the value of a transaction or of property. It
is typically imposed at the time of a
transaction, as in the case of a sales tax or
value-added tax (VAT). An ad valorem tax
may also be imposed annually, as in the
case of a real or personal property tax , or
in connection with another significant event
(e.g. inheritance tax , expatriation tax , or
tariff ). [1] In some countries a stamp duty
is imposed as an ad valorem tax.
Sales tax
Main article: Sales tax
A sales tax is a consumption tax charged
at the point of purchase for certain goods
and services. The tax is usually set as a
percentage by the government charging the
tax. There is usually a list of exemptions.
The tax can be included in the price (tax-
inclusive) or added at the point of sale
( tax-exclusive ).
Ideally, a sales tax is fair, has a high
compliance rate, is difficult to avoid, is
charged every time an item is sold retail,
and is simple to calculate and simple to
collect. [ citation needed ] A conventional or
retail sales tax attempts to achieve this by
charging the tax only on the final end user,
unlike a gross receipts tax levied on the
intermediate business who purchases
materials for production or ordinary
operating expenses prior to delivering a
service or product to the marketplace. This
prevents so-called tax "cascading" or
"pyramiding," in which an item is taxed
more than once as it makes its way from
production to final retail sale. There are
several types of sales taxes: seller or
vendor taxes, consumer excise taxes, retail
transaction taxes, or value-added taxes. [2]
Value-added tax
Main article: Value-added tax
A value-added tax (VAT), or goods and
services tax (GST), is tax on exchanges. It
is levied on the added value that results
from each exchange. It differs from a sales
tax because a sales tax is levied on the
total value of the exchange. For this
reason, a VAT is neutral with respect to the
number of passages that there are between
the producer and the final consumer. A
VAT is an indirect tax , in that the tax is
collected from someone other than the
person who actually bears the cost of the
tax (namely the seller rather than the
consumer). To avoid double taxation on
final consumption, exports (which by
definition are consumed abroad) are
usually not subject to VAT and VAT
charged under such circumstances is
usually refundable.
The VAT was invented by a French
economist in 1954. Maurice Lauré, joint
director of the French tax authority, the
Direction générale des impôts , as taxe sur la
valeur ajoutée ( TVA in French ) was first to
introduce VAT with effect from 10 April
1954 for large businesses, and extended
over time to all business sectors. In France ,
it is the most important source of state
finance, accounting for approximately 45%
of state revenues.
Property tax
Main article: Property tax
A property tax, millage tax is an ad valorem
tax that an owner of real estate or other
property pays on the value of the property
being taxed. There are three species or
types of property: Land, Improvements to
Land (immovable man made things), and
Personal (movable man made things). Real
estate, real property or realty are all terms
for the combination of land and
improvements. The taxing authority
requires and/or performs an appraisal of
the monetary value of the property, and tax
is assessed in proportion to that value.
Forms of property tax used vary between
countries and jurisdictions.
Application of a sales or
property tax
United States
Ad valorem duties are important to those
importing goods into the United States
because the amount of duty owed is often
based on the value of the imported
commodity. Ad valorem taxes (mainly real
property tax and sales taxes) are a major
source of revenues for state and municipal
governments, especially in jurisdictions that
do not employ a personal income tax .
" Ad valorem" is used frequently to refer to
property values by county tax assessors. In
many states, the central appraisal district
sends values to the county tax assessor,
who determines the final tax rate to be
imposed on the property. Other states use
a state tax commission, which notifies the
appropriate taxing authorities of the
assessed value of property within their
billing jurisdiction.
Ad valorem tax relates to a tax with a rate
given as a proportion of the price. Virtually
all state and local sales taxes in the United
States are ad valorem .
The common expression county tax assessor
is a misnomer. Assessors do not tax nor
do they assess a tax; the assessor's job is
to value property (real estate, personal
property, etc.), so that officials described
as tax assessors would more accurately be
called property assessors. After a property's
value is determined by the assessor, a tax
rate is determined by the appropriate
taxing authority, which in turn calculates
the tax due by the property owner. The tax
is then collected by the tax collector.
Application of a value-added
United Kingdom
Main article: Taxation in the United Kingdom §
Value added tax
The third largest source of government
revenues is value-added tax (VAT), charged
at the standard rate of 20% on supplies of
goods and services. It is therefore a tax on
consumer expenditure . Certain goods and
services are exempt from VAT, and others
are subject to VAT at a lower rate of 5%
(the reduced rate) or 0% ("zero-rated").
Main article: Goods and Services Tax
The Canadian Goods and Services Tax
(GST) (French : Taxe sur les produits et
services, TPS) is a multi-level value-added
tax introduced in Canada on January 1,
1991, by Prime Minister Brian Mulroney
and finance minister Michael Wilson . The
GST replaced a hidden 13.5%
Manufacturers' Sales Tax (MST) because it
hurt the manufacturing sector's ability to
export. The introduction of the GST was
very controversial. As of January 1, 2012,
the GST stood at 5%.
As of July 1, 2010, the federal GST and the
regional Provincial Sales Tax (PST) were
combined into a single value-added sales
tax, called the Harmonized Sales Tax
(HST). The HST is in effect in five of the ten
Canadian provinces: British Columbia,
Ontario , New Brunswick , Newfoundland and
Labrador, and Nova Scotia . Effective April
1, 2013, the Government of British
Columbia eliminated the HST and
reinstated PST and GST on taxable services
provided in British Columbia. [3] VGGSA
Main article: Goods and Services Tax
The Goods and Services Tax is a value-
added tax of 10% on most goods and
services sold in Australia.
It was introduced by the Howard
Government on 1 July 2000, replacing the
previous federal wholesale sales tax system
and designed to phase out the various
state and territory taxes such as banking
taxes, stamp duty and land value tax . While
this was the stated intent at the time, the
States still charge duty on a various
transactions, including but not limited to
vehicle transfers and land transfers,
insurance contracts and agreements for the
sale of land. Many States, such as Western
Australia, have made recent amendments to
duties laws to phase out particular duties
and clarify existing ones. The Duties Act
2008 (WA) is available online at the
Western Australian State Law Publisher
New Zealand
Main article: Goods and Services Tax (New
The Goods and Services Tax is a value-
added tax of 15% on most goods and
services sold in New Zealand.
It was introduced by the Fourth Labour
Government on 1 October 1986 at a rate of
10%. This was increased to 12.5% on 1
July 1989 and 15% on 1 October 2010.
Main article: Value added tax § European
A common VAT system is compulsory for
the member states of the European Union .
The EU VAT system is imposed by a series
of European Union directives , the most
important of which is the Sixth VAT
Directive (Directive 77/388/EC).
Nevertheless, some member states have
negotiated variable rates ( Madeira in
Portugal) or VAT exemption for regions or
territories. The regions below fall out of the
scope of EU VAT:[4]
Åland Islands (Finland )
Heligoland island, Büsingen territory
( Germany)
Guadeloupe, Martinique, French Guiana,
Réunion ( France )
Mount Athos (Greece )
Ceuta, Melilla , The Canary Islands
( Spain)
Livigno, Campione d'Italia , Lake Lugano
( Italy)
Gibraltar, The Channel Islands (United
Under the EU system of VAT, where a
person carrying on an economic activity
supplies goods and services to another
person, and the value of the supplies
passes financial limits, the supplier is
required to register with the local taxation
authorities and charge its customers, and
account to the local taxation authority for
VAT (although the price may be inclusive of
VAT, so VAT is included as part of the
agreed price, or exclusive of VAT, so VAT is
payable in addition to the agreed price).
VAT that is charged by a business and paid
by its customers is known as output VAT
(that is, VAT on its output supplies). VAT
that is paid by a business to other
businesses on the supplies that it receives
is known as input VAT (that is, VAT on its
input supplies). A business is generally
able to recover input VAT to the extent that
the input VAT is attributable to (that is,
used to make) its taxable outputs. Input
VAT is recovered by setting it against the
output VAT for which the business is
required to account to the government, or,
if there is an excess, by claiming a
repayment from the government.
Different rates of VAT apply in different EU
member states. The minimum standard rate
of VAT throughout the EU is 15%, although
reduced rates of VAT, as low as 5%, are
applied in various states on various sorts
of supply (for example, domestic fuel and
power in the UK). The maximum rate in the
EU is 25%.
The Sixth VAT Directive requires certain
goods and services to be exempt from VAT
(for example, postal services, medical care,
lending, insurance, betting), and certain
other goods and services to be exempt from
VAT but subject to the ability of an EU
member state to opt to charge VAT on
those supplies (such as land and certain
financial services). Input VAT that is
attributable to exempt supplies is not
recoverable, although a business can
increase its prices so the customer
effectively bears the cost of the 'sticking'
VAT (the effective rate will be lower than
the headline rate and depend on the
balance between previously taxed input and
labour at the exempt stage).
Finally, some goods and services are "zero-
rated". The zero-rate is a positive rate of
tax calculated at 0%. Supplies subject to
the zero-rate are still "taxable supplies",
i.e. they have VAT charged on them. In the
UK, examples include most food, books,
drugs, and certain kinds of transport. The
zero-rate is not featured in the EU Sixth
Directive as it was intended that the
minimum VAT rate throughout Europe
would be 5%. However, zero-rating remains
in some Member States, most notably the
UK, as a legacy of pre-EU legislation. These
Member States have been granted a
derogation to continue existing zero-rating
but cannot add new goods or services. The
UK also exempts or lowers the rate on
some products depending on situation; for
example milk products are exempt from
VAT, but if you go into a restaurant and
drink a milk drink it is VAT-able. Some
products such as feminine hygiene products
and baby products (nappies etc.) are
charged at 5% VAT along with domestic
When goods are imported into the EU from
other states, VAT is generally charged at
the border , at the same time as customs
duty . "Acquisition" VAT is payable when
goods are acquired in one EU member state
from another EU member state (this is
done not at the border but through an
accounting mechanism). EU businesses are
often required to charge themselves VAT
under the reverse charge mechanism where
services are received from another member
state or from outside of the EU.
Businesses can be required to register for
VAT in EU member states, other than the
one in which they are based, if they supply
goods via mail order to those states, over a
certain threshold. Businesses that are
established in one member state but which
receive supplies in another member state
may be able to reclaim VAT charged in the
second state under the provisions of the
Eighth VAT Directive (Directive 79/1072/
EC). To do so, businesses have a value
added tax identification number. A similar
directive, the Thirteenth VAT Directive
(Directive 86/560/EC), also allows
businesses established outside the EU to
recover VAT in certain circumstances.
Following changes introduced on July 1,
2003, (under Directive 2002/38/EC), non-
EU businesses providing digital electronic
commerce and entertainment products and
services to EU countries are also required
to register with the tax authorities in the
relevant EU member state, and to collect
VAT on their sales at the appropriate rate,
according to the location of the purchaser.
Alternatively, under a special scheme, non-
EU businesses may register and account for
VAT on only one EU member state. This
produces distortions as the rate of VAT is
that of the member state of registration,
not where the customer is located, and an
alternative approach is therefore under
negotiation, whereby VAT is charged at the
rate of the member state where the
purchaser is located.
The differences between different rates of
VAT was often originally justified by certain
products being "luxuries" and thus bearing
high rates of VAT, whereas other items
were deemed to be "essentials" and thus
bearing lower rates of VAT. However, often
high rates persisted long after the
argument was no longer valid. For
instance, France taxed cars as a luxury
product (33%) up into the 1980s, when
most of the French households owned one
or more cars. Similarly, in the UK, clothing
for children is "zero rated" whereas clothing
for adults is subject to VAT at the standard
rate of 20%.
The theory of the firm shows that taxes on
transfers can encourage firms to internalise
costs and grow, whereas the absence of
such transactions may result in a larger
number of individually smaller firms. For
example, a sales tax – unlike a VAT –
would realign the incentives of a steel mill
in favor of operating its own coal mine, as
opposed to simply buying coal in a
transaction subject to taxation; the theory
of the firm's model suggests that this
would be less economically efficient as it
results in a decline in specialization.





Makerere University
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Kawanda Progressive Senior School. Since 2014. Located in Kawanda Kirinyabigo, Wakiso District

Brilliant High School-Kawempe Brilliant High School-Kawempe

It is A fast growing private Secondary School offering quality education.

Hiber Junior School - Mutundwe Hiber Junior School - Mutundwe
Mutundwe Kirinyabigo

It is a primary school with both lower and upper primary Visit our main branch at Mutundwe Kirinyabigo, about 2km from Natete TC, Nakawuka road

Kawanda Secondary School Kawanda Secondary School
Kawanda, 256

Kawanda Secondary School is a Secondary School located in Wakiso 9 km Bombo road opposite Kawanda Research station. P.O.Box 26616, Kampala.

St. Catherine Pro-Soccer Academy St. Catherine Pro-Soccer Academy
Kawanda, 256

St. Catherine Pro-Soccer Academy is a subsidiary of the St. Catherine Schools. i.e. St. Catherine Primary School Bukoto, St. Catherine Day & Boarding Primary School Kawanda and Kindeegarden kawanda