The high Court has dismissed an application which sought to quash a Bank of Uganda directive that barred licensed entities and individuals from facilitating crypto transactions. In his ruling, Justice …
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Parliament will start an inquiry into the circumstances under which the Minister of Energy and Mineral Development, waived taxes worth Shs616 billion on gold exports. The decision to start the …
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The National Social Security Fund (NSSF) has announced an extension of the mandatory registration for employers to June 30, 2023, following requests from small and medium enterprises. Non-compliant employers will …
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The currency structure of Uganda consists of banknotes and coins and is denoted in Uganda Shilling (UGX). The following denominations are currently in circulation: Banknotes UGX 1,000 UGX 2,000 …
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The Ministry of Finance, Planning and Economic Development (MoFPED) has released Ugx 5,084.59 billion for quarter four of the financial year 2022/2023. The money which caters for the months April …
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Fitch Ratings, the International credit rating agency, has upgraded Stanbic Bank Uganda Limited’s (SBUL) Viability Rating (VR) to ‘b+’ from ‘b’ due to improved capital buffers relative to its risk …
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The Convention on Mutual Administrative Assistance in Tax Matters facilitates international co-operation for a better operation of national tax laws, while respecting the fundamental rights of taxpayers. It provides for …
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Implication/Comments Repealing this provision removes duplication in the law as the term ‘Petroleum Agreement’ is also defined under Part IXA in Section 89A (1) of the ITA to mean an …
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The principal Act is proposed to be amended in section 10 which defines a supply of goods by inserting immediately after subsection (3) the following— “(3) The supply of goods …
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by inserting immediately after the definition of “export” the following— “fruit juice” means unfermented liquid extracted from the edible part of a fresh fruit, whether the extracted liquid is diluted …