Who is a property developer?
This is a person who buys, builds or renovates existing properties for sale.
A property developer can be an individual, a company, a trust, or a partnership.
All property developers in Uganda are required to be registered with;
For individual
For non-individual
Click here for details on requirements for registration
Corporation tax
The income tax rate for a company is 30% of the entity’s chargeable income (gross income less allowable deductions).
Â
Â
Â
Individual Income tax
Individual players in this sector are eligible to pay income tax depending on the income bracket that relates to each.
Click here for more information on the computation of individual income tax
Â
Value Added Tax (VAT)
VAT is a consumption tax charged at a rate of 18% on all supplies made by taxable persons i.e. persons registered or required to register for VAT purposes. The threshold for VAT registration is an annual turnover of over 150 million, or 37.5 million in the first 3 consecutive months.
Click here to register for VAT
Please note:
All VAT registered taxpayers are obliged to register for EFRIS and issue e-invoices
Click here for information on how to register for EFRIS
Developed property is charged VAT at the standard rate of 18%.
Withholding tax
Withholding tax (WHT) is income tax that is withheld at source by one person (withholding agent) upon making payment to another person (payee).
Please note
The tax withheld is credited/ reduced on the tax payable in the final income tax return.
Click here for information on Withholding tax.
Yes. If a property developer engages services of an engineer, accountant, lawyer, architect, surveyor, etc. The property developer is expected to withhold 6% of the transaction amount before making payments.
Pay As You Earn (PAYE)
Any property developer with workers/employees earning a monthly salary more than 235,000 per month is required to register for Pay as You Earn (PAYE), withhold and remit tax to URA.
Click here for the PAYE rates
Yes. Taxes applicable are income tax and VAT given that;
Note: Withholding tax will be applicable if the buyer is a designated withholding agent
Click here for information on how to file your returns.
Â
After filing a return, you’re required to pay taxes due using available payment platforms e.g. banks, mobile money, EFT, RTGS, VISA, Mastercard, USSD code (*285#).
Please note: the due date for payment of tax is the same as that of return filing.
Click here to register a payment
For more information, visit the nearest URA office for assistance or call the toll-free line 0800117000/0800217000 or WhatsApp: 077214000
Â