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Browsing: Digital Services Tax
- A number of the proposals in the Bills are aimed at broadening the tax base by bringing income that was previously untaxed or exempt into the scope.
- The Uganda Revenue Authority (URA) before Parliament’s Committee on Finance, the government expects to collect US$7.72 billion (UGX29 trillion) from domestic tax revenue in the next financial year 2023/2024 (FY20233/24) from both existing and new tax policy measures.
- The Income Tax (Amendment) Bill 2023 is now proposing to introduce a separate direct tax in the form of a digital services tax (DST) on Facebook, Netflix, Zoom and other digital platform.
Uganda has released the Tax (Amendment) Bill for the financial year 2023/2024. These proposals have been tabled before Parliament, and if passed into law, they will take effect on July 1. As a business owner or investor in Uganda, it’s essential to understand what these tax proposals mean for your business.
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