- Expanded Exemptions for Institutions: The 2025 amendment to the VAT Act includes “United Nations related Agencies and specialized Agencies” as exempt institutions and corrects the name of the “International Atomic Agency” to the “International Atomic Energy Agency” (IAEA).
- Amended Supply Descriptions: Schedule 3 of the VAT Act has been updated to refine descriptions of exempted supplies, including changes to the listing of deep cycle batteries and the introduction of biomass pellets, while also repealing the exemption for billets.
- Zero-Rated Supplies Adjustment: The amendment adds aircraft supply to the list of zero-rated supplies under Schedule 4, aligning the tax treatment of leasing and purchasing aircraft, which is expected to enhance fairness and stimulate investment in Uganda’s aviation sector.
Source EY
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