UGANDA: AMENDMENTS TO TAX REGIME SIGNAL GROWING FISCAL PRESSURES

   Fri, 26 May 2023

In an effort to improve revenues amid a hiatus on taking on new debt, Uganda is undertaking a series of tax amendments aimed at broadening the tax base. However, several of these changes have significant implications for international companies, particularly in the infrastructure and digital services sectors. At the same time, parliament’s approval of a new anti-LGBTQ+ bill threatens to damage relations with international donors and worsen Uganda’s investment attractiveness.

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