- Proposed increase of annual VAT registration threshold from UGX150-million to UGX250-million.
- Expansion of VAT and tax exemptions, including nuclear energy, BADEA, and certain research institutes.
- New input tax credit rules for hotel/tourism facility developers with specific investment thresholds.
- Increase in lotteries and gaming tax rate from 20% to 30% and higher surcharge on imported used clothing.
- Changes to stamp duty rates, record-keeping requirements, and exemptions for essential medicines, vaccines, and agricultural inputs.
Source: ensafrica.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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