Uganda
Summary of Key amendments passed into Law
The Parliament approved the tax measures for the financial year 2022-23, which came into effect from 1st July 2022. Below is a summary of the Key amendments as well as the potential impact of the same.
Contents
Tax Procedures Code Act - Amended Penalties for non-compliance of tax stamps and electronic receipting and invoicing: Proposed Penalties for non-compliance of tax stamps and electronic receipting and invoicing
| Sec. Ref | Summary nature of an Offence | Approved amendment |
|---|---|---|
|
62B
|
Failure to affix or activate a tax stamps
|
|
|
62C
|
Prints over or defacing of tax stamps
|
|
|
62D
|
Forgery of tax stamps
|
Fine not exceeding Ush
|
|
62E
|
Failure to use an electronic receipting or invoicing
|
30,000,000 or imprisonment not
|
|
62F
|
Forgery of electronic receipt or invoice
|
exceeding 10 years or both
|
|
62G
|
Interference with the electronic fiscal device or electronic dispensing control device
|
|
|
An offence relating to the automatic exchange of information
|
||
|
Fails to file an information return
|
||
|
62H
|
Fails to maintain records for automatic exchange of information
|
Fine not exceeding Ush 50,000,000 for each day of default or
imprisonment not exceeding 10 years or both |
|
Makes a false or misleading statement in the information
return |
||
|
Omits from a statement made in the information return
|
The payment to informers on the provision of information leading to the identification of unassessed tax or duty is proposed as below
| Particulars | Approved amendment |
|---|---|
|
Provide information leading to the identification of unassessed tax
or duty |
1% of the tax or duty assessed or Ush. 15,000,000 whichever is
less |
|
Provide information leading to the recovery of unassessed tax or
duty |
5% of the tax or duty or Ush. 100,000,000 whichever is less.
|
