- Government has proposed a 30% environmental levy on imported secondhand clothes to address environmental concerns and promote local production.
- The Bills exempt imports of vaccines, medicines, and certain agricultural chemicals from infrastructure and import declaration fees.
- New excise duties are introduced on alcohol, construction materials, paints, cooking oil, and spirits, with higher rates for imported goods.
- The Income Tax (Amendment) Bill introduces various withholding taxes, including 5% on interest paid to non-resident financial institutions, 6% on non-business asset purchases, 10% on telecom commissions, 15% on gaming winnings, and 6% on payments to public entertainers.
- These measures aim to adjust revenue collection and strengthen tax compliance across multiple sectors.
Source: parliament.go.ug
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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