Transfer Pricing Report

Uganda Plans Reforms to Tap Facebook, Google Advertising Revenue

Oct. 24, 2019, 10:51 AM

Uganda plans new laws that would compel global companies such as Facebook Inc. and Google Inc. to remit taxes on revenue earned from advertising in the East African nation.

“Tax is supposed to be paid where income is made,” Uganda Revenue Authority spokesman Vincent Seruma told reporters in the capital, Kampala. “There are laws that need to be made in that regard,” he added without providing further details.

Last year, authorities introduced a daily $0.05 levy on users of social media platforms including Facebook, Twitter, Viber and LinkedIn in a bid to net some revenue from the digital economy, Stella...

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