VATupdate

Share this post on

Uganda Doubles VAT Threshold to UGX300 Million, Raises Excise Duty and Environmental Levy

  • Uganda raises the value-added tax (VAT) threshold from 150 million to 300 million shillings to reduce compliance burdens on small businesses.
  • The threshold increase addresses inflation and business growth since 2015.
  • The new VAT threshold is expected to generate 358.3 billion shillings.
  • Excise duty on cement, adhesive, and grout rises to 750 shillings per 50kg bag from 500 shillings.
  • A 30% environmental levy is introduced on all imported second-hand clothes.

Source: news.bloombergtax.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.



Sponsors:

Pincvision
Fiscal Solutions Bottom

Advertisements:

  • Pincvision