Tax obligations can seem overwhelming, but they don’t have to be. Understanding which taxes apply to your business and how to submit them is key to ensuring compliance and avoiding penalties.
A statutory contribution required from both employers and employees, aimed at securing employees’ retirement benefits.
15th of the subsequent month
10% of the unpaid contributions per month
A tax on the supply of goods and services, applicable to businesses that exceed the VAT registration threshold.
15th of the subsequent month
2% interest on the unpaid VAT per month
Applied to payments for goods and services where the payer is required to withhold a percentage of the payment and remit it to URA.
15th of the subsequent month
10% of the tax due, plus 2% interest per month
2% per month on the unpaid tax
A tax on the income of employees, payable to the local government where the business is located.
Paid annually by the end of the financial year (June 30th)
Varies by local authority
Due upon execution of the legal document
Bennett Accounting is experienced in handling all the statutory tax obligations for businesses in Uganda, ensuring that your business remains compliant with local tax laws while avoiding penalties.
