Tax Alert: An overview of Uganda’s stimulus package included in Uganda’s National Budget FY 2020/2021 and amendments to the tax laws

On 11th June 2020, the Minister of Finance, Honorable Matia Kasaija delivered the budget speech for financial year 2020/2021 which covered among other things, the much anticipated economic stimulus package to help Ugandan businesses counter the negative effects of the Corona Virus Pandemic.

In our usual custom, we have analyzed the budget speech for you, paying particular attention to the proposals that are most likely to affect your business while also highlighting new potential opportunities for your business. Please see attached our Client Tax Update No.2/2020.

In the Update, you will also find a summary of the 2020 amendments to the tax laws as well as details of the tax proposals that were rejected by Parliament.

If you need additional information or require specific advice regarding any of the proposals or amendments in our Tax Update, please do not hesitate to contact us.

Please click on the link below to see our latest Client Tax Update, reviewing the proposed amendments, the contents of which we believe would be of benefit to you.

Read the full article here