- Key Tax Proposals: The Ugandan Parliament is evaluating several draft tax bills aimed at the 2025 budget, which include extending the tax exemption for the Bujagali hydropower project until June 30, 2032, and adjusting the taxation of digital services provided by non-residents.
- Support for Start-Ups and Anti-Avoidance Measures: The proposed measures include a three-year income tax exemption for new start-up businesses owned by Ugandan citizens with investment capital up to UGX 500 million, as well as an anti-fragmentation rule to prevent VAT registration avoidance on imported goods.
- VAT Adjustments and New Levies: Additional proposals feature VAT exemptions for certain renewable energy products and textiles, zero-rating for aircraft supplies, and the introduction of a 1.5% infrastructure levy and a 1% import declaration fee on goods imported for home use, set to take effect on July 1, 2025, pending approval.
Source Orbitax
Latest Posts in "Uganda"
- Uganda Enacts Key Tax and Financial Laws Effective July 2025 for Fiscal Year 2025/26
- Uganda Revises VAT and Digital Tax Rules for 2025: Key Changes and Implications
- Key Reforms in the Value Added Tax (Amendment) Act, 2025
- Uganda Implements New Tax Laws: Digital Services, VAT Exemptions, and Import Levies Updated
- 2025/2026 Budget Proposes Tax Amendments, Replacing 5% Digital Services Tax with 15% Withholding Tax
