Uganda Parliament Posts Bill to Amend VAT Act

The Ugandan Parliament March 27 posted Bill No. 53, to amend the VAT Act. The bill includes measures that would: 1) classify, at no consideration, the supply of goods or services by an employer to an employee as a taxable supply; 2) increase the offset threshold of overpaid tax to 10 million Ugandan shillings (US$2,645) from 5 million shillings (US$1,322); 3) amend the first schedule to include specified institutions; 4) amend the second schedule on exempt supplies to reform the VAT exemption regime; and 5) hold a withholding agent, who fails to withhold tax, personally liable to pay the Commissioner ...