Parliament has passed the Finance Bill 2015 making it an Act of Parliament.
The bill imposes taxes on used vehicles and increases the cost of the Ugandan passport.
It seeks to hike the cost of an ordinary passport from Shs 120,000 to Shs 150, 000 and the diplomatic passport from Shs 150,000 to Shs 300,000.
Likewise, the importation of used cars will cost the businessman a 50 percent levy of the Cost Insurance and Freight (CIF) value and a 35 percent levy on motor vehicles which are between 5 to 10 years old.
The levies on vehicle importation are aimed at protecting the environment and generating at least Shs 7bn revenues.
State Minister of Finance for Planning, David Bahati, said that the taxes are meant to generate more revenue for government programmes.
He expects to raise about Shs 3.2bn from these ventues.
Shadow Finance Minister, Geoffrey Ekanya, on the other hand, moved that the levies be reduced so ordinary Ugandans can afford cars.
The bill is waiting for the President to assent to it.