Government Suppliers Exempt from VAT Payment Until Receiving Payment: URA Commissioner

• Suppliers to government MDAs no longer required to pay VAT on supplies at time of delivery
• Suppliers can now pay tax after receiving payment from government
• Exception for businesses with small turnover of sh500 million and below
• Government suppliers now pay VAT upon receiving payment
• IFMS used to track financial events and payments
• Uganda has low tax-to-GDP ratio of 14%, government aiming to increase to 20% in next five years

Source: msn.com

Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.

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