- The Tax Amendment Bills, proposed on 27 March 2025, aim to implement significant tax reforms, including a three-year exemption for new businesses established by citizens with a capital of up to 500 million Ugandan shillings, effective from 1 July 2025, pending parliamentary approval.
- Key reforms in the Value Added Tax (VAT) include enhanced anti-tax avoidance measures, the addition of UN agencies to the list of exempt institutions, and the introduction of new zero-rated supplies such as aircraft, reflecting a broader scope of exemptions and adjustments.
- The proposed legislation also includes a new infrastructure levy of 1.5% and an import declaration fee of 1% on all goods imported for home use, alongside an export levy affecting agricultural products, potentially impacting supply chain costs and pricing strategies for businesses operating in Uganda.
Source EY
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