TAX PROPOSALS 2018
The fiscal year in Uganda commences on 1 July and in each year, the Government proposes amendments to the Tax laws.
Anxiety looms at this time and many yearn to understand the meaning of the proposed changes to their day to day lives/livelihoods. We note that with the amendments in 2018, the government is looking at increasing its revenue collections and taxing many areas that were untaxed before.
For the business community and citizenry, the questions are the impact of the taxes in their day to day business and whether their particular business has been favored or otherwise by the taxman.
In this issue, we specifically review the implications of the 2018 Tax Proposals on the Manufacturing, Telecommunications and Fintech, Oil Gas and Mining, Housing, Banking and Finance industries and Multinational Businesses.