Discussed: In Brief Tax changes – National Budget 2022/2023.
Government Initiative for Agriculture.
Tax Administration reforms.
1. Tax Procedures Code Act Amendments.
TIN requirement for Stamp Duty, Misclassification of stamps, Order of Payment, Tax remission, Waiver of interest and penalties, Failure to present information during a tax review
2. Income Tax Act Amendment.
Definition of company, Persons not affected by the Interest capping, Repealing of Initial Allowance
Removal of WHT on winnings from gaming, Introduction of WHT on Agent Banking, Capping of interest on unpaid taxes,
3. Value Added Act Amendment.
Inclusion of Auction in the definition of taxable supply, Taxation of non-resident service providers
dealing with non-VAT registered persons, Non-creditable purchases, Revision of exempt items,
4. Key Tax Issues
Tax ledger reconciliations: what they are, how to track them, and how to benefit from the new tax law.
Alternative Dispute Resolution and the new legal provisions; How it Works and how you can use it to manage assessments.
Comprehensive Audits.
Ultimate Beneficial Owner; URA, URSB, and AML requirements.
Reverse charge – VAT and WHT on imported services.
Keynote speakers: Mutabaazi Major James, Ahumuza Arinda, Mazars in Uganda
Moderated by: Martijn Harlaar
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