UGANDA AMENDS TAX LAWS
The Stamp Duty (Amendment) Bill 2020Jim Roberts & Associates
On 31 March 2020, the Minister of Finance, Planning and Economic Development presented proposed amendments to the various tax laws before the Parliament of the Republic of Uganda for debate.
The proposals cover changes within the Income tax, Value Added Tax, Excise Duty and Stamp Duty regimes.
- The bill proposes to introduce the payment of stamp duty on professional licence or certificate at UGX. 100,000.
- The Bill has proposed to clarify on requirements for stamp duty exemptions available to qualifying investors to include the following conditions;
- capacity to at least source fifty percent of the locally produced raw materials, subject to availability
- capacity to employ a minimum of one hundred citizens The Excise Duty (Amendment) Bill, 2020