Uganda Tax Agency Releases 2024-2025 Tax Amendments Booklet: Key Changes and Updates

• Uganda Revenue Authority posted a booklet on tax amendments for 2024-2025
• Amendments include a 10% withholding tax on commissions to payment service providers
• Income tax exemption for income from private equity and venture capital funds
• Increase in VAT refund claim threshold to 10 million Ugandan shillings
• Exemption from capital duty on specified shares
• 18% VAT rate on postage stamps, software, and equipment installation services
• Waiver of interest and penalties for specified taxpayers with outstanding tax due by June 30, 2023, if settled by Dec. 31, 2024
• Amendments took effect on July 1

Source: news.bloombergtax.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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