Uganda MOF Presents FY 2024-2025 Budget Speech

The Ugandan Ministry of Finance, Planning, and Economic Development June 13 presented the financial year 2024-2025 budget speech. The speech describes measures to: 1) exempt VAT on supplies of specified domestically manufactured electric vehicles (EVs), including for charging stations, batteries, and related services; 2) provide tax holidays on the income of entities operating medical or hospital facilities, or manufacturing specified EVs, batteries, or charging equipment; 3) apply VAT on employer-supplied taxable goods or services; 4) exempt capital gains from investors’ sales of private equity or venture capital fund holdings regulated by the Capital Markets Authority; 5) waive penalties and interest ...