- Ugandan government proposes exempting textile inputs from VAT in the Value Added Tax Amendment Bill 2025
- Proposal tabled by Minister of State for Finance, Henry Musasizi, during a parliamentary session
- Exempted items include cotton lint, artificial fibers, polyester staple fiber, viscose, textile dyes, chemicals, garment accessories, and textile machinery spare parts
- Aim is to boost the local textile industry
- Income Tax Amendment Bill 2025 extends income tax exemption for Bujagali hydropower project until June 30, 2032
- Previous concerns from lawmakers about financial losses linked to Bujagali project management
- Additional VAT exemptions for solar lanterns, deep cycle batteries, raw materials for manufacture, and biomass pellets
- Aim is to promote environmental sustainability and affordable energy solutions
- Anti-fragmentation rule introduced to curb tax evasion by preventing importers from splitting consignments
- Aim is to strengthen Uganda’s tax compliance framework
Source: ugandaradionetwork.net
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.
