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This year has been a year unlike any other, with the global COVID-19 pandemic bringing enormous personal, professional and societal disruption. It has proven to be a major catalyst for change, driving us to think and work differently, and brought with it a raft of unforeseen challenges...
The Finance Act, 2021 (“the Act”) was enacted on 29th June 2021. The Act amends various provisions of tax and fiscal laws including Income Tax Act, Value Added Tax Act, Excise Duty Act, Tax Procedures Act and Miscellaneous Fees and Levies Act. Furthermore, the Act stipulates changes to other...
May 12 2021, Minister Disbar Richard (Minister of State in charge of National Treasury) told parliamentarians that the budget for fiscal year 2021/22 will reflect medium term fiscal path which allows for an increased spending to reach medium term goals as embodied in the National Strategy for...
The Tanzania Finance Bill, 2021 (“the Bill”) Bill proposes for amendments to the country’s tax laws which includes The Tax Administartion Act, Direst Taxes, Indirect Taxes, and Administartive Changes.The Bill also highlights some expected changes in the Telecommunication, Oil & Gas, Transfer...
The President of Uganda signed into law various tax and administrative amendments passed by the Parliament. This brief is a summary of the tax and administrative changes that will take effect on 1st July 2021.
The Finance Bill, 2021 (“the Bill”) was presented before Parliament by the Government and subsequently published on 5th May 2021. The Bill proposes for amendments to the country’s tax laws which includes Income Tax Act, Value Added Tax Act, Excise Duty Act, Tax Procedures Act and Miscellaneous...
The Finance Act, 2020 introduced Minimum Tax at the rate of 1% of Gross Turnover. Effectively, the tax is to apply as an alternative to installment taxes for companies with losses or very low profits. Section 12D of the Income Tax Act and the Commissioner’s Guidelines on Minimum Tax (revised in...
2021 Tax Laws Changes
The Uganda Solar Energy Association (USEA) and Kenya Renewable Energy Association (KEREA) together with the Uganda National Renewable Energy and Energy Efficiency Alliance (UNREEEA) and under the auspices of the PowerUp! Project identified the need to create a harmonized regional import customs...