Uganda releases public notice on implementation of DST
On 20 October 2023, the Uganda Revenue Authority (URA) released a public notice on the implementation of digital service tax (DST). Accordingly, URA informs the general public and non-resident persons providing digital services that the Income Tax
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Uganda: Parliament approves digital service tax on non-resident digital service providers
On 11 July 2023, the Ugandan Parliament approved Income Tax (Amendment) Bill 2023, which introduces a 5% digital service tax (DST) on every non-resident deriving income from providing digital services in Uganda. After President's approval, the law
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Uganda: Minister of Finance presents Budget for 2023/2024 to the Parliament
On June 15, 2023, the Ugandan Minister of Finance, Planning, and Economic Development, Mr. Matia Kasaija, presented the budget for financial year 2023/2024 to the Parliament. On that day, Income Tax (Amendment) Bill 2023 was also passed which was
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Uganda proposes digital service tax through income tax amendment bill 2023
On 30 March 2023, the Minister of Finance, Planning and Economic Development of Uganda issued Income Tax (Amendment) Bill 2023. Under the bill, Uganda proposes a 5% digital service tax (DST) on every non-resident person deriving income from
See MoreOECD: Case Study on Strengthening Tax Transparency in Uganda
On 16 April 2021 the OECD issued a tax and development case study entitled Strengthening tax transparency to combat tax evasion, illicit financial flows and profit shifting in Uganda. The case study looks at how international and development
See MoreUganda commits to implement AEOI by 2023
On 17 February 2021, OECD has announced that Uganda has committed to implement the International Standard for Automatic Exchange of Financial Account Information in Tax Matters (AEOI) by 2023. Maria José Garde, Chair of the Global Forum, said
See MoreUganda: URA issues guidance on tax compliance
On 22 January 2021, the Uganda Revenue Authority (URA) has issued guidance on tax compliance on its website. The guidance includes following measures: Registration Process A person liable to pay tax shall apply to the Commissioner for
See MoreUganda: Tax measures due to COVID-19 pandemic
On 25 March 2020, the Uganda Revenue Authority (URA) has published a public notice unveiling tax measures to support taxpayers during the COVID-19 pandemic. The main measures in relation to tax obligations are: Taxpayers whose accounting period
See MoreUganda: Parliament passes Income Tax (Amendment) Act 2019
On 30 June 2019, Ugandan Parliament has passed Income Tax Amendment Act 2019. The act contains a number of measures including definition of beneficial owner to reduce the threshold required for exemption; to provide for withholding tax by a seller
See MoreUganda: MoF presents 2019/20 Budget
On 13 June 2019, Matia Kasaija, the Uganda's Ministry of Finance (MoF) presented the Budget for 2019/20 to the Parliament of the Republic of Uganda. On that day, Income Tax (Amendment) Act, 2019 was also enacted which was presented in the
See MoreUganda: Minister of Finance presents tax reform bills to Parliament
On 28 March 2019, Mr. Matia Kasaija, the Minister of Finance, Planning and Economic Development (Minister of Finance) of Uganda presents a number of tax reforms amendment bills to the Ugandan parliament and are currently under consideration. The
See MoreAgreement to Create the African Continental Free Trade Area
On 21 March 2018 leaders of 44 African countries signed an agreement to create the African Continental Free Trade Area (AfCFTA). The agreement if implemented would remove barriers to trade, such as tariffs and import quotas, allowing the free flow
See MoreUganda: Budget for 2017/18
Finance minister has presented national budget for 2017/18 to Parliament in April 2017. The budget, which is hoped to deliver Uganda into middle-income status has seen sectors like electricity, oil and gas, ICT, education, health and agriculture
See MoreIMF statement summarizes economic position of Uganda
On 26 October 2016 the IMF staff team released an end of mission statement summarizing their preliminary findings following a mission to Uganda. Following this they will prepare a report to submit to the IMF Executive Board for discussion. Although
See MoreIMF report comments on the economic position of Uganda
On 6 June 2016 the IMF issued a press release on the completion of the sixth review for Uganda under a program supported by the Policy Support Instrument (PSI) and approval of a one-year extension of the program. The program supports the
See MoreUganda: Budget for 2015
Uganda’s Finance Minister has presented the Budget for 2015. The Budget proposes raising the presumptive tax threshold from UGX 50 million to UGX150 million to develop tax compliance and increase tax certainty among small businesses. Thin
See MoreUganda: IMF holds discussions on economic and fiscal policy
The International Monetary Fund (IMF) issued a press release on 14 May 2015 at the end of a visit to Uganda for discussions under Article IV of the IMF’s articles of agreement and in connection with the fourth Policy Support Instrument (PSI)
See MoreUganda: Released budget for 2014
Budget for 2014 was released on 12 June 2014, which reflects the GPD growth by 5.7% for 2013/14 finance year and declined by 0.1% compared to the previous year. The budget has emphasised on the measures to raise revenues, improve transparency in
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