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21 June 2021

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...

19 May 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...

26 April 2021

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...

26 November 2020

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...

13 May 2020

FINANCE BILL, 2020 Analysis of its impact on business 

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