Uganda Doubles Value-Added Tax Threshold to UGX300 Million

Lawmakers approve raising VAT threshold from 150 million shillings to ease compliance pressures on small businesses, parliament says on its website.

• “The current threshold has not changed since 2015 despite inflation and growth in business activity,” says Amos Kankunda, chairman of the finance committee
• The new threshold will yield 358.3 billion shillings
• Lawmakers approved increasing excise duty on cement, adhesive and grout to 750 shillings per 50kg bag from 500 shillings per bag
• A 30% environmental levy is introduced on all imported second-hand clothes

To contact the reporter on this story:
Fred Ojambo in Kampala at fojambo@bloomberg.net

To contact ...