VANILLA BEANS  SOYBEAN OIL  SOYA CAKE   |  COCOA BEANS   |  COFFEE BEANS


Tax planning in Uganda

by Bwekembe Eva
(Kampala)

Tax

Tax

Question:
What are factors considered when carrying out tax planning?

Answer:
Tax planning is essentially the systematic analysis of the differing tax options you have which is aimed at the minimization your tax liability in the current and future tax periods.

If you own a business in Uganda, I would recommend that you convene probably in the middle of the Uganda government's financial year and implementing various strategies that will help you minimize the amount of taxes you will pay to Uganda Revenue Authority.

It would be good to go through this process with the help of a competent Uganda Tax Consultant

Some of the key areas/factors you should look at during your tax planning in Uganda would include:


  • The choice of accounting and inventory-valuation methods

  • The timing of equipment purchases,

  • The spreading of business income among family members and

  • The selection of tax-favored benefit plans and investments.


Furthermore, depending on the ownership structure of your Uganda business, you will find some areas of tax planning that are specific to your business form, whether sole proprietorship, partnership, or limited liability company.

Comments for Tax planning in Uganda

Average Rating starstarstar

Click here to add your own comments

Apr 24, 2010
Rating
starstarstar
Uganda Tax Planning
by: Anonymous

I want to start a sole proprietorship business in Kampala, what specific tax planning factors should I consider?

Click here to add your own comments

Return to Frequently Asked Questions about Uganda Taxes & News.





Haven't yet found what you Want...?

If you haven't yet found what you were looking for or you need detailed information about the subject matter on this page

then...

feel free to ask our business travel consultants.



Enjoy this page? Please pay it forward. Here's how...

Would you prefer to share this page with others by linking to it?

  1. Click on the HTML link code below.
  2. Copy and paste it, adding a note of your own, into your blog, a Web page, forums, a blog comment, your Facebook account, or anywhere that someone would find this page valuable.