Rental Income Tax
DEFINITION OF KEY TERMS Rental Income is the Total amount of rent derived by a person for the year of income from the lease of immovable property (land and or b...
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Rental Income Tax
Authorized Economic Operator (AEO)
Authorized Economic Operator program is a trade facilitation initiative derived from the World Customs Organization Safe Framework of Standards which Uganda Rev...
Authorized Economic Operator (AEO)
Rental Income Tax
What is Rental Income? This is the total amount of money earned by a person from renting out of immovable property (land and or buildings) for the year of incom...
Rental Income Tax
Value Added Tax ( VAT)
What is Value Added Tax ( VAT) VAT is an indirect tax on consumption charged on value added to goods and services at different stages in the chain of production...
Value Added Tax ( VAT)
TRANSPORT SECTOR
What does transport sector consist of for tax purposes? The transport sector in Uganda puts more emphasis on passenger and goods vehicles for tax purposes. Add ...
TRANSPORT SECTOR
DUL ABWO GALOWANG – (OVERVIEW OF ENTERTAINMENT)
Galowang obedo ngo? Galowang kwon tuku apapat ame kelo katacel tam kede miti ajo ame maro kodi tuku moro nono onyo ame weko gi owinyo agonya ka otye oneno kodi ...
DUL ABWO GALOWANG – (OVERVIEW OF ENTERTAINMENT)
Overview of Wholesale and Retail
What is wholesale trade? Wholesale trade is the buying of goods in large quantities usually from manufacturers or distributors and selling them to the retailer ...
Overview of Wholesale and Retail
Exempt Income
What is exempt income under the Income Tax Act? Exempt income  is any amount received in money or in kind from various sources that is not subject to income ta...
Exempt Income
Who is a landlord?
This is a person who lets out immovable property (land and or buildings) to another person (the tenant) for a payment. A person may take the form of: an individ...
Who is a landlord?
Corporation Tax
A company is defined as a body of persons corporate or unincorporated, whether created or recognized under the law in force in Uganda or elsewhere and includes ...
Corporation Tax
What is Groupage Cargo?
Cargo consolidation, also known as cargo groupage, refers to the process of combining and bundling multiple small (cargo) shipments from different shippers, con...
What is Groupage Cargo?
Export Procedure
This is a process of taking goods and services from Uganda to a foreign country. This process is subdivided into the two (2) categories below; Intra Region Carg...
Export Procedure
Business Income
17:04:36The income tax rate for individuals depends on the income bracket in which the individual falls. Resident individuals enjoy a tax-free annual income thr...
Business Income
Who is a property manager?
This is a person who is contracted to manage property on behalf of the owner. A property manager has the responsibility of looking after a property e.g. a build...
Who is a property manager?
Gaming, Pool betting, Casino operators and Sports betting
What is gaming and pool betting? Gaming means the playing of a game of chance for winnings in money or money’s worth and for the avoidance of doubt, includes ...
Gaming, Pool betting, Casino operators and Sports betting
VOLUNTARY DISCLOSURE
Voluntary disclosure is a process where the taxpayer discloses information related to tax liabilities, misstatements or omissions his or her tax declarations to...
VOLUNTARY DISCLOSURE
TAXATION OF CAPITAL GAINS
Capital gains are profits from the disposal of a business asset, the sale of shares, or commercial buildings. This excludes trading stock and depreciable assets...
TAXATION OF CAPITAL GAINS
Warehousing of Goods
This is a customs regime which allows taxpayers to store goods in a customs bonded warehouse pending payment of taxes, exportation or re exportation and other c...
Warehousing of Goods
