Uganda Tax and Investment incentives info plus Important African Tax News
As a business traveler planning an Investment in Africa, you will need to know your Uganda Tax obligations, as these Tax costs will directly affect your bottom line.
You also realize that in the current Global Economic crisis has caused governments to focus on governance and regulation of private companies.
This means that tax compliance has become more important to African governments than it was in the previous decade.
Your tax compliance failure therefore represents not only a financial risk, with financial penalties and a possible increase in the tax charge , but also a serious business risk, as it can damage your company’s reputation with the authorities and the public.
On this page we provide you with relevant information regarding the Uganda Tax System;
The Ugandan tax system
The Uganda Tax System can be summarised within Five (5) major Elements.
Taxes are collected by self-assessment and by withholding tax on payments to residents and non-residents. As an Employer you are obliged to withhold and account for income tax on your employee remuneration and benefits (the PAYE system).
You will be charged with penalties and interest for non-compliance and late payment of taxes in Uganda
The Uganda Revenue Authority is the central body mandated to assess , collect specified tax revenue, administer and enforce laws relating to such revenue. This statutory body conducts regular audits and investigations of taxpayers.
Uganda Government Investment Incentives
It is common knowledge that tax is a cost to business and one of the main considerations in making investment decisions. In designing tax policies therefore, the government of Uganda has to pay attention to the levels of marginal tax rates charged to business and other income.
Our government offers a fair incentives package that provides generous capital recovery terms, especially if your project will entail significant investment in plant and machinery and you're likely to yield profits over the longer term.
There is deductible annual allowance on depreciable assets, which are specified in 4 classes (sixth schedule) under declining balance method.
How to determine whether you will need a Uganda tax consultant
Before you hire a Uganda Tax Consulting firm , you need to ask yourself the following questions.
If your answer is YES to any or all the above questions, then you should consider hiring a Uganda Tax Consultant.
What to look out for in your prospective Uganda Tax Consultant
A good Uganda Tax Consulting Firm should be able to demonstrate a proven track record in those three (3) key areas, especially within Uganda.
East Africa Budget Insight
The East African countries once again presented their annual revenue and expenditure estimates simultaneously on 12 June 2008.This is in continuation of now a well-entrenched tradition following the revival of the East Africa Community.
The initial three partner states of Kenya, Uganda and Tanzania have now been joined by Rwanda and Burundi although these twocountries have not yet harmonized their fiscal years with the rest of the community. We expect that Rwanda and Burundi will presenttheir 2009/2010 budgets in June 2009.
East Africa has just closed a tremendous year from an economic growth perspective. Kenya, Uganda and Tanzania all registeredrobust growth with Uganda topping the growth chart at 8.9%, Tanzania registering 7.0% and Kenya recording 7%. This rapidgrowth is opening up more opportunities for cross-border investments within East Africa and increasing the purchasing power ofthe citizens of East Africa.
The Budget Insight 2008/2009 provides an overview of some key economic developments in Kenya, Uganda and Tanzania. We havealso provided an analysis of the main tax measures contained in the various budget presentations that are likely to affect you, yourbusiness and your investments across the region.
East Africa is opening up more and more business opportunities through the common market. The Budget Insight should give youa good starting point on some critical issues to consider as you carry on business in East Africa.
Have A Question About Uganda Taxes?
Do you have a question about the Uganda Tax System? Ask the Uganda Tax Guide and other Business travelers who visit our website!
Tax News & Answers to What Other Visitors Have Asked About Uganda Taxes.
Click below to see the Tax questions asked by other visitors and the answers they have got ....!
Uganda Withholding Tax Exemption (WHT) for the period 1st January 2014-30th June 2014.
Uganda PAYE rates 2012-2013
Uganda's tax structure
Car importation into Uganda
Pay As You Earn
Garments import tax in Uganda
Donations and Gifts
PROCEDURES AND CHALLANGES IN TAX COLLECTION
Uganda withholding taxes
Heritage Vs Uganda oil case starts in UK
Uganda Tax on bricks making
What are the Uganda Taxes on Construction Material
I want to start a import and retail bussiness of automobile spareparts
Which goods does Uganda Revenue Authority exempt from taxation?
Uganda NGO's and taxation
Witholding tax for short contracts
Uganda Oil Tax News
Withholding Tax in Uganda
Taxpayers Vs. Tax Authorities.
Uganda Tax Incentives
Uganda Tax on Imported Tractors
Used Clothes Tax
Annual compliance requirements of applicable laws for Ltd/Pvt. Ltd. Company
Tax Briefing notes; 2012/13 Uganda Budget analysis
Tax planning in Uganda
Uganda Revenue Authority wins USD435M Oil Tax case against Heritage Oil Not rated yet
Proposed tax on exports weary Uganda Law Makers Not rated yet
Uganda Revenue Arthority Under pressure to get more Tax from businesses 2013-2014 Not rated yet
Uganda Civil Aviation Authority (CAA) wants VAT Exemption On Airport Service Charge Not rated yet
Engen Uganda Could Face Tax Evasion Charges Not rated yet
MTN Uganda faces up to 169 Counts of Tax Evasion Not rated yet
Uganda Revenue Authority wins 1.5BN lawsuit against Airtel Uganda Not rated yet
Uganda Revenue Authority starts issuing eStamp Certificates Not rated yet
How to reduce Taxes payable when staritng a BUSINESS IN UGANDA Not rated yet
Taxes for cozmetiks and parfumes in Uganda Not rated yet
Withholding tax Not rated yet
Tax on monitors in Uganda Not rated yet
Import taxes on Machinery in Uganda Not rated yet
e-tax system in uganda today., Not rated yet
Tax incentives for Uganda Oil Companies Not rated yet
corproate withholding tax Not rated yet
PAYEE Not rated yet
is vat tax charged on moving expenses in Uganda Not rated yet
Uganda bond tax hike could become counter productive Not rated yet
Uganda import tax due on my Household items Not rated yet
Uganda Vegetable Oil firm seeks tax exemption Not rated yet
Import taxes for the perfumes and the cosmetics in Uganda. Not rated yet
Taxation on volunteers Not rated yet
Taxes on Used Clothing Not rated yet
E-Tax Mobile to Improve Uganda Revenue Collections Not rated yet
taxable ugandans Not rated yet
Uganda well to do firms have benefited from the various tax incentives in the country Not rated yet
Uganda Revenue Authority Freezes Makerere University Accounts Over 1BN Tax Debt Not rated yet
Taxes on laptops,tractor and bibles Not rated yet
statistical research on Uganda Tax Not rated yet
Uganda Revenue Authority & Uganda Manufactures Association Agree Towards Smoother Tax Collection Not rated yet
HOW TO IMPORT TAX FREE GOODS FOR A NOT FOR PROFIT ORGANIZATION in Uganda Not rated yet
tax assesment in Uganda, Africa Not rated yet
Tax planning in Africa Not rated yet
Uganda to spend an extra 9.3billion on Heritage Tax Case Not rated yet
Uganda Revenue Authority sets Accreditation System for Taxpayers Not rated yet
taxation and revenue collection in Kampala Capital City Authority Not rated yet
Uganda prepares to tax artistes Not rated yet
Uganda Revenue Authority, Orient Bank and Warid Telecom in Mobile Money Tax Payment Deal Not rated yet
WHAT THE TAX & IMPORT DUTY OF FURNISHING CLOTH? Not rated yet
how to tax foreign investors Not rated yet
European Head of Mission Advises Uganda to Widen Tax Base Not rated yet
Insurance body bars companies to pay KCCA trading license Not rated yet
Uganda Revenue Authority on Coarse to Hit Fiscal Revenue Target Not rated yet
East African heads of states agree on tax collection at first point of entry Not rated yet
African Development Bank Survey Report Faults Uganda on Tax Breaks Not rated yet
TAxataion Policy Not rated yet
Impact of ICT on e-business a case of Uganda Revenue Authority Not rated yet
Graduated Tax Could Be Re-Introduced in Uganda Not rated yet
Ugandan Retailers Decry Heavy Taxes in Burundi Not rated yet
World Bank Calls for More East African Tax Reforms Not rated yet
VALUE ADDED TAX Not rated yet
Travel Aire Kennel Carriers for Dogs Not rated yet
Uganda Businesses propose Higher PAYE threshold Not rated yet
Uganda Revenue Authority shakes off Revenue Deficits incured in 2011 Not rated yet
Tax compliance among SME's. Not rated yet
Uganda Oil seed Farmers Seek Tax Consessions Not rated yet
tax collection methods Not rated yet
Uganda Revenue Authority E-tax Collections Up Not rated yet
Tax on imported textile products and Ornaments in Uganda Not rated yet
Local taxes in Uganda Not rated yet
Import duty on Clothes in Uganda Not rated yet
Withholding tax on Professional Services in Uganda Not rated yet
top ten tax paying companies Not rated yet
Uganda Taxation System and the Canon Laws Not rated yet
TAX INCENTIVES FOR UGANDA ICT COMPANIES Not rated yet
Importing car from U.S. to Uganda Not rated yet
Uganda Local Hotel Tax Not rated yet
Uganda Import Duty on computer software Not rated yet
Heritage Oil Loses USD30M Uganda Tax Appeal Not rated yet
Filling Uganda Tax Returns Not rated yet
Public revenue in uganda Not rated yet
Uganda Business Taxable Profit Not rated yet
Uganda Revenue Authority wins Tax Case against Heritage Oil Not rated yet
Stop tax exemptions, IMF urges Uganda Government Not rated yet
Uganda Business CEOs taken through new Transfer pricing Regulations and and EAC Double Taxation Agreement Not rated yet
Uganda Tax Information Systems Not rated yet
Uganda tax avoidance Not rated yet
Importing precious metals into Uganda Not rated yet
Taxes hindering Uganda Internet penetration Not rated yet
Uganda Tax Collection Challenges Not rated yet
Uganda Parliament Reduces Tax on Sugar and Fuel Not rated yet
MTN Uganda and URA Tax Row Not rated yet
Uganda Revenue Authority trains Central Equatorial tax officers Not rated yet
Oil pushes Uganda Tax law amendment Not rated yet
Uganda Revenue Authority leading change in the economy by changing Tax Collection Tactics Not rated yet
Uganda Withholding Tax Threshold Not rated yet
Uganda Manufactures hail removal of sugar tax Not rated yet
IMF boss calls for indirect tax assessment methods in Uganda Not rated yet
Uganda Government hires sh11b lawyers to defend oil Tax case Not rated yet
Uganda Real estate dealers decry high taxes Not rated yet
Uganda Revenue Authority and NSSF in sh13b row Not rated yet
Uganda Tax Body in Real Estate Tax Dispute Not rated yet
Uganda Tax Whistleblower petitions Parliament over sh4.1b Not rated yet
Heritage seeks Uganda tax claim halt Not rated yet
TAX ADMINISTRATION Not rated yet
Uganda Revenue Authority trains officers on tax oil Not rated yet
Impact of maize tax cut on Uganda Not rated yet
Uganda Tax consultants speak out on budget Not rated yet
When did Uganda Self Tax Assessment begin? Not rated yet
What are the Uganda Oil Tax Incentives Not rated yet
Tax exemption on software boosting technology growth Not rated yet
Withholding tax Exempted list of goods and Services? Not rated yet
Tax on educational equipment? Not rated yet
Uganda Tax Compliance Not rated yet
Who is to withhold tax? Not rated yet
Uganda Tax System: Is it fair? Not rated yet
Uganda Tax News - Tax Body Accused Of Aiding Evasion of Taxes Not rated yet
Uganda Company Shares Not rated yet
PAYE penalties in Uganda Not rated yet
Subscribe to our Business Travel Newsletter
Uganda Weather Today