Income generating expenses are deductible when calculating taxable income. The tax procedures code act, 2014 an act to provide for a code to regulate the procedures for the administration of specified tax laws in uganda. The uganda income tax amendment bill 2016 the bill was passed by the parliament on 14 april 2016. The public procurement and disposal of public assets act 1 of 2003 set up the public procurement and disposal of public assets authority ppda as the principal regulatory body for public procurement and disposal of public assets in uganda. The starting rate for savings and the savings rate limit. The major tax policy changes over the last decade primarily revolved around vat and income tax. Uganda to tax social media to stop gossip on facebook. Contractors in uganda are faced with masses of paperwork and numerous wasted hours filing a tax return unless they find an alternative option. In the longterm, the uganda sales tax rate vat is projected to trend around 18. Uganda, all the bills will become law on 1 july 2018. Act income tax amendment act 2019 acts supplement no. Excise duty amendment bill 2020 income taxamendment bill 2020 the value added tax amendment. Uganda sourced income is clearly defined for purposes of the income tax act. For instance, the standard rate of vat was increased to 18 per cent from 17 per cent in fy 200506.
Attempts to protect the poor have been through exempting or zero rating foods under vat, and by raising the threshold of personal income. The peace corps is truly a learning organization, interested in evidencebased decisionmaking and the wise stewardship of agency resources to fulfill our mission. Find full list of all incomes who completely exempt from income tax. Income tax amendment act 2014 section 7 c at 1 of 2014 page 7 f remuneration to which section 2ad deeming for 1970 act of the income tax instalment payments act 1974 the 1974 act applies. In 1952, the ordinances were replaced by the east african income tax management act, which laid down the basic legal provisions found in the current income tax law. This act shall be deemed to have come into force on 1st july, 2014. The unicameral parliament of uganda is the countrys legislative body. All other income derived by a member of parliament, which may include mileage, subsistence, plenary sitting, constituency and medical allowances, is exempt from tax in uganda. This is a process where a taxpayer reports accurately, correctly and in completeness all tax obligations according to the tax laws to uganda revenue authority in a prescribed format within a specified period. This hand book titled domestic tax laws is primarily intended for internal use by officers and staff of the uganda revenue authority. Acul ocolo earned income from different sources for the year 2014 as indicated. List of all incomes exempted from income tax, list of. The most significant of the ugandan parliaments functions is to pass laws which will provide good governance in the country.
Companies must file a return of income each year by 31 december following the end of the tax year. It was mainly payable by the europeans and asians but was later on extended to africans. Acts online provides legislation, including amendments and regulations, in an intuitive, online format. We are the leading resource for freely available legislation in south africa and are used daily by thousands of professionals and industry leaders. Double taxation treaties in uganda impact and policy implications 5 list of abbreviations cgt capital gains tax dtas double taxation agreements dtts double taxation treaty treaties eac east african community fdi foreign direct investment ita income tax act, 1997 ldc least developed country countries.
The value added tax act, 2014 the port service charges act cap 264 the motor vehicle tax registration and transfer. The income tax act hereinafter referred to as the principal act is amended in section 2 cap. Updated copy of the income tax act cap 340 a access to. African income tax management act of 1952 was repealed and replaced by. General provisions relating to taxes imposed under.
The proposed amendment suggests the reintroduction of filing of returns provisions into the principle act. Uganda personal income tax rate 20042018 data 20192020. These are the fundamental laws to be read in conjunction with their respective regulations and finance acts. Carrying forward of tax losses the act introduces an amendment to section 38 of the ita which clarifies that the ability to carry forward tax. Estimates of rental income the bill proposes to require the minister of finance to prescribe via statutory instrument estimates of rent for rental properties, based on the rating of the property in the specific location. The reprint consolidates the income tax act, cap 340, the value added tax act, cap 349 and statutory instruments made. The income tax amendment bill, 2015 parliament watch. Basis of taxation income tax is levied on both companies and individuals under the income tax act, cap. Part 1 income tax, corporation tax and capital gains tax.
Income tax in uganda can be a burden, and you need to be sure you are placed in the correct tax brackets. Act income tax amendment act 2019 b in subsection 1 by substituting for paragraph af the following af the income of an operator in an industrial park or free zone or other person carrying on business outside the industrial park or free zone who carries on any of the businesses referred to in paragraph ag. The president declined to assent and referred it to the parliament for further debate and amendments. Latest income tax slab rates, today we provide complete list of all incomes exempt from income tax. This website uses cookies to improve your experience while you navigate through the website. Section 2 of the income tax act, in this act rcferred to. Act 14 tax procedures code act 2014 uganda revenue authority. Charge, rates, basic rate limit and personal allowance for 2014 15. Collection of tax from persons leaving uganda permanently. The tax legislation covered in this reproduction include. Tax appeals tribunal act 1997 cap 345 laws of uganda revised edition 2000 income tax act 1997 cap 340 laws of uganda revised edition 2000 east african community act 2002 the free trade zones bill 2002 the constitution amendment act, 11 of 2005 access to information act, no 6 of 2005 income tax amendment act 2006. Domestic tax laws uganda 1 preface this handbook containing an uptodate reproduction of ugandas principal tax laws is intended for use by tax administrators, tax practitioners, taxpayers, students and any interested persons. Basic rate limit for 201516 and personal allowances from 2015.
Using an umbrella company for income tax in uganda. By law, under all circumstances, ministry of finance, planning and. Income and capital gains earned by companies are generally taxed at a flat rate of 30%. The following are persons who are not expected to file tax returns. Revised excise duty rates of certain items specified in schedule 2 of the excise duty act, 2014. Uganda plans to tax social media to stop gossip on facebook, whatsapp, twitter. Mar 23, 2020 list of all incomes exempted from income tax, list of exempted incomes 2020. Income tax act, 1961 as amended by finance act 2019 2018 2017 2016 2015 2014 20 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998 1997 1996 1995 1994 1993 1992 1991 1990 1989 1988 1987 1986 1985 1984 1983 1982 1981 1980 1979 1978 1977 1976 1975 1974 1973 1972 1971 1970 1969 1968 1967 1966 1965 1964 1963 1962 1961. The fiscal year in uganda runs from 1 july to 30 june.
Income tax was introduced in uganda in 1940 by a protectorate ordinance. An act to amend, replace and reform the law relating to the incorporation, regulation and administration of companies and to make provision for related matters. This act may be cited as the income tax amendment act 2014, and commences on the pt day of july 2014. Guide to buying houses and registering property sales in uganda. The finance act, 2014 is amended in the schedule by inserting immediately after item 4, the following. To uganda revenue authority ura by laurence london september 06, 2014.
Tax is charged on the taxable income accruing worldwide for all residents and on the income of nonresidents from sources in uganda. Ura and uganda police collaborate to further ease the express penalty service in line with her mission to provide an environment that delivers a delightful experience in revenue services and busi. This page provides uganda personal income tax rate actual values, historical data, forecast, chart, statistics, economic calendar and news. Like agriculture income completely exempt under sec 101 etc.
Municipality and town to be lower local governments. I kindly wish to request for the latest copy of the income tax act currently in force. Double taxation treaties in uganda mellemfolkeligt samvirke. Act from the tax procedural code act regarding furnishing of a return of income section 92 had originally been repealed and transferred to the tax procedural act of 2014. Although great care has been taken to ensure that it reflects the correct wording and numbering of the income tax act, cap. Apr 17, 2018 uganda plans to tax social media to stop gossip on facebook, whatsapp, twitter. Income tax act ita cap 340, the income of a savings and. Tax on property income in uganda global property guide. Ppda act the public procurement and disposal of public. Taxation of nonresidents providing shipping, air transport or telecommunications services in uganda. How to file your tax returns uganda revenue authority. Recovery of tax from person owing money to the taxpayer. The republic of uganda the finance act, 2016 2016 an act to provide for the alteration of certain taxes and duties. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are as essential for the working of basic functionalities of the website.
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