Resident
individual annual chargeable income |
Income Tax Rates |
| up to 2 820 000 |
0% |
| Exceeding 2 820 000 to 4 020 000 |
10% of the income exceeding Ushs 2 820 000 |
| Exceeding 4 020 000 to 4 920 000 |
Ushs 120
000 plus 20% of the income exceeding |
| Over 4 920 000 |
300 000
plus 30% of the income exceeding Ushs.4 |
Non Resident Individuals Tax Rate in Uganda for 2015
| Annual chargeable income |
Income Tax Rates |
| Not exceeding 4020000 |
10% |
| Exceeding 4020000 to 4 920 000 |
Ushs 402 000 plus 20% of the income exceeding Ushs 4 020 000 |
| Exceeding Ushs4 920 000 |
Ushs 120
000 plus 20% of the income exceeding |
| Over 4 920 000 |
Ushs 582 000 plus 30% of the income exceeding Ushs4 920 000 Where the chargeable income exceeds Ushs 120million, an additional 10% is charged on the amount by which chargeable income exceeds Ushs 120 000 000 |
Corporate Tax Rate in Uganda for 2015 -Resident Companies
| Income |
Tax rate (percent) |
| Corporation tax Capital gains taxed together with business income Dividends Interest excluding interest on government securities Interest on government securities Royalties (included in taxable income) |
30% 30% 15% 15% 20% 0% |
Corporate Tax Rate in Uganda for 2015 - Non Resident Companies
| Income |
Tax rate (percent) |
| Corporation tax Capital gains taxed together with business income Dividends Interest excluding interest on government securities Interest on government securities Royalties (included in taxable income) Proceeds from sale of commercial buildings to resident persons Repatriation of branch profits |
30% 30% 15%***** 15%***** 20%***** 15%***** 10%* 15%* |
* Tax is withheld at source
** Resident Individual?s Income tax table
*** Non-resident individual?s income tax table
**** Tax is withheld at source and is final tax
***** Subject to double tax treaty
|
Taxable Income (USH) |
Tax Rate (%) |
|
Upto 2.82 Million |
0% |
|
2.82 Million - 4.02 Million |
10% of the income exceeding Ush2.82 million |
|
4.02 Million - 4.92 Million |
Ush120 000 plus 20% of the income exceeding Ush4.02 million |
|
Over 4.92 Million |
a) 300 000 plus 30% of the income
exceeding Ush4.92 million; and |
Basis of taxation
Income tax is levied on both companies and individuals under the
Income Tax Act, (Cap. 340) of the Laws of Uganda. Tax is charged
on the taxable income accruing worldwide for all residents and
on the income of non-residents from sources in Uganda. An entity
is regarded as a resident if it was incorporated under Ugandan
law or if the management and control of its affairs was
exercised in Uganda at any time during the year of income or if
it undertakes the majority of its operations in Uganda. An
individual is resident in Uganda if the individual has a
permanent home in Uganda, is present in Uganda for at least 183
days in a 12-month period, or is present in Uganda for an
average of 122 days in the year of income and in each of the
preceding years of income.
Resident companies
Corporation tax 30%
Capital gains taxed together with business income 30%
Dividends 15%
Interest excluding interest on government securities 15%
Interest on government securities 20%
Royalties (included in taxable income) 0%
Non-Resident Companies
Corporation tax 30%
Capital gains taxed together with business income 30%
Dividends 15%
Interest excluding interest on government securities 15%
Interest on government securities 20%
Royalties (included in taxable income) 15%
Proceeds from sale of commercial buildings to resident persons
10%
Repatriation of branch profits 15%
There is no separate capital gains tax legislation in Uganda. However, capital gains from business are taxable under the provisions of the Income Tax Act, together with other business income at 30%.
The corporate tax year in Uganda runs from
July 1 to June 30.. With approval from the Revenue Authorities,
a company may adopt a year of income which is different from the
corporate tax year.
Corporate taxpayers must submit an annual income tax return by
not later than six months from the end of its corporate tax
year. A company may apply for an extension of a maximum period
of 90 days before the due date for filing the return.
Corporate taxpayers must pay two installments of provisional tax
? the first on or before the end of the first six month period
and the second before the company?s yearend.
In respect of individuals, the tax year runs from July 1 to June
30,, but employees are taxed on a monthly basis in terms of the
Pay-As-You-Earn system under which tax is withheld at source by
an employer on emoluments payable to an employee. Employees only
earning employment income from a single employer do not have to
submit annual income tax returns.
VAT and withholding tax returns and payments are due by the 15th
of the following month.