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Income Tax(Amendment) Act 2023: Repeal of investment incentives could hamper industrialisation and job creation efforts

The repeal of certain incentives to industrial investors outside Kampala industrial hubs such as the Kampala Industrial Business Park (KIBP) in Namanve above, could slow down the spread of industrialisation across the country and hurt jobs creation.
by Mark Ruhindi

The Income Tax(Amendment) Act 2023 has repealed Section 27A of the Principal Act which provided for initial allowances as a fiscal policy geared at enabling investors in industrialisation and manufacturing…

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About the Author

Mark Ruhindi, is a tax lawyer and investment consultant.

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