The firm panel is constructed from the Corporate Income Tax (CIT) returns of formal firms in Uganda. It now contains 345 variables (329 previously) and runs from FY2013/14 to FY2022/23. The number of firms per year ranges from around 30,000 to over 55,000. All firms’ registration data is now matched with their CIT returns (including firms that are no longer ‘active’).

Variable Descriptions

In total, there are 345 variables in the panel, drawn from the CIT return and registration data. These are organized to follow the logic of the Income tax (IT) return form and allow the user to calculate a firms’ chargeable income using each of the component parts. It is recommended that users should use this dataset alongside the IT return form, in order to best understand the breakdown of variables. All of the variables — save for metadata and firm characteristics — are denoted in Ugandan shillings.