This is tax imposed on all companies in Uganda at a standard rate of 30%. A business in this sector must register for this tax.
Individual income tax
In this sector, the listed directors in the pharmaceutical entity are expected to file a provisional return the course of the year and a final return after close of the year, in the event that they don’t appear in the company’s payroll.
Pay As You Earn (PAYE)
Any person managing a pharmacy business and has employees earning a monthly salary more than 235,000 is required to register for Pay as You Earn (PAYE), withhold and remit tax to URA.
Click here for PAYE rates
Withholding tax (WHT) is income tax that is withheld at source by one person (withholding agent) upon making payment to another person (payee). The rate is 6% withheld and remitted to URA
The tax withheld is credited/ reduced on the tax payable in the final income tax return.
Click here for information on Withholding tax.