Uganda Tax Agency Posts Booklet on Tax Amendments for 2024-2025

July 26, 2024, 5:00 AM UTC

The Ugandan Revenue Authority June 27 posted online a booklet on tax amendments for 2024-2025. The amendments include: 1) a 10 percent withholding tax on commissions paid to payment service providers; 2) an income tax exemption for income derived from private equity and venture capital funds regulated under the Capital Markets Authority Act; 3) an increase in the VAT refund claim threshold to 10 million Ugandan shillings (US$2,688) from 5 million shillings (US$1,344); 4) an exemption from capital duty on specified shares; 5) an 18 percent VAT rate on the supply of postage stamps, as well as on software and ...

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