- Tax Amendment Bills 2024 tabled before parliament on 28 March 2024
- Bills to take effect on 1 July 2024 upon approval by parliament and President
- Proposed amendments include:
- Imposing VAT on goods or services supplied by taxable employer to employee
- Increasing threshold for refund of overpaid tax from UGX5-million to UGX10-million
- Expanding list of VAT exempted institutions and supplies
- Designating recipient of auction proceeds as supplier of goods liable to pay VAT
- Requiring persons engaged in commercial farming to register for VAT
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.
