This outlook looks at how the Uganda economy performed last year 2016, its performance compared with other EAC countries, outlook and projections for 2017.
Summary of the provisions of the various Petroleum Acts and respective regulations in Uganda.
The Tax Procedures Code Act was enacted in 2014 and came into force on 1 July 2016. This bulletin summarises its main provisions.
Review of Withholding tax on transportation payments to non-residents for goods embarked or disembarked in Uganda.
This newsletter summarises the proposed amendments to the tax laws outlined in the recently released Tax Amendment Bills for FY16/17. If passed by Parliament, the proposed changes are expected to take effect from 1 July 2016.
The Budget 2015 - Get the budget speech, higlights and budget summary.
PwC public sector practitioners describe best practices and future-focused service delivery in Africa. Publication produced by PwC Africa.PwC public sector practitioners describe best practices and future-focused service delivery in Africa. Publication produced by PwC Africa.
Through the Financial Year 2013/14 (FY14), Uganda’s economy continued to grow albeit modestly at an estimated 5.7% less than target of 6.2%. The outturn depicts a steady growth given the trend from 3.4% in FY12 Despite not meeting target, theeconomy turned out better than average growth of 5.3% in the sub-Saharan non-oil producing economies. The growth is, however, far below the medium term target of 7% necessary to achieve socioeconomic transformation.
The expected outturn from domestic direct taxes, namely PAYE, corporate income tax and withholding tax, for FY2013/2014 is Ushs 2,750 billion against a budget estimate of Ushs 2,874 billion, registering a deficit of Ushs 124 billion.
The projected VAT outturn for the fiscal year 2013/14 is Ushs 2,810 billion which represents 35% of the projected total tax revenue and 95% of the budgeted VAT revenue. VAT from domestic trade performed below budget by 11% whereas VAT oninternational trade performed above budget by 2%.
Understanding Uganda's 2014/2015 National Budget
A statutory instrument has been issued detailing regulations to be followed in the process of the VAT deferment.
Financial Services Journal 2013