Tax Law in Uganda Archives – CEO East Africa

OPINION⎮Government’s Shift To Tax The Sale of Non-Business Assets Defies Conventions of Income Taxation

by Birungyi Cephas KagyendaNews & Analysis Thought LeadershipApril 13, 2024April 13, 2024

Income tax primarily relates to profits or gains arising from business activities, property ownership and employment. While there are general principles applied in determining what is taxable, overall, a tax…

OPINION: There is an urgent need for a review of interest provisions in the Ugandan tax laws.

by Birungyi Cephas KagyendaThe Big StoryJanuary 21, 2024January 21, 2024

Interest is defined by the Oxford Dictionary as money paid regularly at a particular rate for the use of money lent or for delaying the repayment of a debt. Interest…

The Stamp Duty Act: The Red Flags To Watch Out For

by Birungyi Cephas KagyendaIndustry & Analysis Thought LeadershipAugust 22, 2023August 22, 2023

On 15th June 2023, the Uganda Revenue Authority (URA) issued a public notice, serving as a reminder to the public “to pay stamp duty on all Agreements or Memorandum of…

PROFESSIONAL OPINION: The proposed Capital Gains Tax reforms in the Income Tax (Amendment) Bill, 2023 will do more harm than good if passed into law

by Prosper AhabweIndustry & Analysis Thought LeadershipMay 19, 2023June 12, 2023

Capital gains arise when you sell an asset for more than you originally bought it. There are two kinds of assets in the Income Tax Act; a depreciable asset and…