TAX LAW & POLICY

  Tax Compliance is a Business’s adherence to its tax obligations as outlined by Ugandan Tax laws and administered by the Uganda Revenue Authority . A Ugandan Business has a host of tax obligations which include; Registration for taxes with the URA, Filling timely tax returns, Timely payment of assessed taxes, Proper record keeping, Proper usage of digital stamps for manufacturers and EFD’s for VAT-registered businesses. Ugandan Businesses must comply with the following taxes ; Income tax at 30% of the chargeable income, Rental Income tax at 12% or 30%, VAT at 0% or18 % for Businesses with over 150M in annual turnover, Excise duty for manufacturers, Pay As You Earn for Employers to deduct form employees’ salaries, Withholding Tax , and Local Service Tax. Small Business taxpayers in Uganda have a special tax regime for their income tax called Presumptive tax . Ugandan Businesses whose total sales for the year are 10M to 150 M, qualify to be under the Presumptive Tax regi...

  “ Environmentally related taxes increase the cost of polluting products or activities, which discourages their consumption and production – regardless of the intended purpose of the tax ” OECD Abstract A major challenge to Uganda's socioeconomic progress is climate change. Public health, infrastructure, and agricultural output have already been impacted by the rising frequency of floods, droughts, and unpredictable weather patterns. There are two benefits to using taxes as a regulatory and development tool: encouraging eco-friendly behavior and generating funds for green projects. Using comparative insights from international best practices in nations, this policy paper investigates how Uganda might implement green tax policy framework. Introduction  The need to raise revenue for financing public expenditure while promoting sustainable economic growth and development provides a justification for environmental taxation as well as countries aligning their activities wi...