Uganda Expanding List of Items Exempt From VATs
Uganda introduced several tax-related measures in its 2019 budget proposal, including regulations that would expand the list of goods that are exempt from value-added taxes, according to a June 17 report from KPMG. The measures would allow VAT exemptions for…
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“aircraft insurance services, rice mills and agricultural sprayers, supplies of drugs and medicines, imported mathematical sets and certain other items used in education, woodworking machines, welding machines, sewing machines, certain feasibility studies, and earth-moving equipment,” KPMG said. The measures would also reduce the “withholding rate” of VATs to 6 percent, KPMG said. The changes are expected to take effect July 1.