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Proposed 5% tax on disposal of assets is a recipe for disaster

If the proposed amendment is passed into law, effective 1 July 2023, the capital gains provisions will be no more.

Parliaments committee on financePlanning and economic developmentIncome tax billFinance ministryWithholding taxCapital gains taxUganda revenue authority

What new taxes mean for Uganda

The Income Tax (Amendment) Bill, 2023, is proposing to restrict the carrying forward of losses to five years. This might affect infrastructure-intensive businesses.

Uganda revenue authorityMinisterial policy statementParliaments committee on financeTax measuresFy23 24Tax provisionsTax baseDigital services taxTax policy measuresTax amendment billsHe income tax amendment bill 2023Nfrastructure intensive businessesCollective investment schemesWithholding taxGross revenueNimal feed concentrates

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