Navigating government move on tax exemptions | MorningAtNTV
Under Section 40(1) of the Tax Procedures Code Act, the Commissioner can recommend tax waivers if recovery is deemed impossible or excessively costly. Taxpayers seeking waivers must submit a request to the Commissioner General of the Uganda Revenue Authority, and upon the Commissioner’s recommendation, the Minister presents the case to Parliament. Tax incentives are among the Ugandan government’s most popular tools for attracting foreign investors and startups. However, Uganda’s tax regime is geographical for all Ugandan residents and source-based for non-residents. Any non-resident who conducts business, is employed, or sells certain properties in Uganda, and derives income from sources within Uganda, will be subject to the tax system. We address the concerns regarding this government move, and in the studio, we have Fred Muhumuza – Economist, and Aloysious Kittengo – Tax Policy Analyst, SEATINI Uganda.
