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Operations of withholding tax in Uganda

by tumwesige brian
(kampala)

Tax Question
Explain the operations of withholding tax in uganda. and give the roles it plays in the tax administration in uganda.

Answer

The Income Tax Act Cap 340 specifies the persons who are required to withhold the tax as well as those upon whom the tax should be imposed, depending on the nature of the transaction. This tax is deducted at source by a withholding agent upon making payment to another person.

A withholding agent is the person making payment and obliged to withhold tax; and the recipient of the payment is the payee.
This is a system of collecting tax by a withholding agent on a specified range of payments. These include:

(i) Employment income
(ii) International payments
(iii) Payments to non-resident Contractors or professionals
(iv) Payments on dividends
(v) Payment for Goods and services by Government, Government institutions and designated withholding agents
(vi) Payments on professional fees
(vii) Payment on imports

Contact the Tax guide directly for further assistance with withholding tax payeable by your organization/business.


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