UGANDA AMENDS TAX LAWS

The Stamp Duty (Amendment) 2025

HLB Jim Roberts Uganda
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The Stamp Duty (Amendment) Bill, 2025, passed by the Ugandan Parliament, effectively removes stamp duty on agreements and mortgage deeds. These instruments are now classified as "nil duty" items. This amendment, which became law on June 30, 2025, aims to lower borrowing costs, ease financial burdens, encourage formal contracting, and stimulate investment, particularly in real estate, finance, and the SME sectors. 
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  • Abolition of Stamp Duty: The bill eliminates the previous 0.5% stamp duty on mortgage deeds and the standard 15,000 Shillings duty on agreements and mortgage deeds.
  • "Nil Duty" Classification: These instruments are now classified under "nil duty," meaning no stamp duty is payable on them.
  • Stimulating Investment: The removal of these stamp duties is intended to reduce the cost of credit, encourage formal contracts, and boost investment, especially in real estate and the SME sector.
  • Economic Impact: The amendment is expected to lower the cost of borrowing and reduce the financial strain on businesses and individuals, fostering a more favorable environment for investment and economic activity.
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