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Uganda Government Enacts Tax Law Amendments Effective July 2024: Key Changes and Implications

  • Amendments to tax laws in Uganda effective from 1 July 2024
  • VAT imposed on goods or services supplied by taxable employer to employee at no cost
  • Threshold for tax refund increased from UGX5 million to UGX10 million
  • List of VAT-exempt institutions expanded to include African Reinsurance Corporation, International Regulatory Board of East African Power Pool, and Islamic Cooperation for Development of Private Sector
  • Recipient of auction proceeds designated as supplier of goods and liable for VAT
  • List of VAT-exempt supplies expanded to include electric vehicles, charging equipment, pesticides, and ethanol cooking stoves assembled in Uganda

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.

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