Income Tax Exemption

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Resident individuals enjoy a tax free annual income threshold of UGX. 2,820,000 per annum. The balance is taxed at 10%, 20%, or 30%, depending on the income bracket. Individuals who earn above UGX 120,000,000 pa pay an additional 10% on the income above 120 million.

  1. Final annual returns by individuals, companies, partnerships and trusts are filed within 6 months after the year ends.
  2.  Provisional annual returns by companies are filed within 6 months after the accounting year; while individuals file the same within 3 months after the accounting year. There’s an option to amend the return before the year ends.
  3.  Withholding tax returns, including PAYE (Pay As You Earn) returns, are filed by the 15th of the month following the withholding.

A tax holiday of ten years is available to exporters who export at least 80% of their produce of finished goods, subject to certain conditions.

A deduction of 2% of income tax payable is granted to any employer who can prove to the URA that at least 5% of their employees on a full-time basis are people with disabilities.

A resident taxpayer is entitled to a foreign tax credit for any foreign income tax paid by the taxpayer in respect of foreign-source income included in the gross income of the taxpayer. The foreign tax credit allowed is subject to the income tax rate (i.e. 30%) in Uganda

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