VATupdate

Uganda explains VAT implications for newly announced withholding agents

The Notice followed an amendment of the VAT Act in 2019 providing for VAT withholding at a rate of 6% of the taxable value under section 5(2a). The Uganda Revenue Authority (URA) recently announced the 1,025 designated agents who must comply with the law to avoid penalties. This Alert highlights the implications of this notice and obligations placed on appointed agents.

Source: EY

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