Uganda MOF Presents FY 2025-2026 Budget Speech

The Ugandan Ministry of Finance, Planning, and Economic Development June 12 presented the financial year 2025-2026 budget speech. The budget includes measures to: 1) grant a three-year income tax exemption for start-ups, including small and medium-sized enterprises (SMEs), established by Ugandan citizens after July 1; 2) provide a capital gains tax exemption for asset transfers from individuals to companies that they established and control; 3) remove stamp duty on mortgages and agreements for businesses and individuals; 4) extend the waiver period for interest and penalties outstanding as of June 30, 2024, for taxpayers who voluntarily pay the principal tax by ...