In a significant move, Uganda has joined the ranks of African nations imposing a digital tax on foreign tech companies providing digital services within their borders. The Ugandan government recently enacted a law that imposes a 5% income tax on non-resident companies offering digital services. This move is set to impact major tech corporations such as Meta and Netflix, echoing similar tax implementations in Kenya and Nigeria. The new tax law was presented toward the end of March 2023 by Uganda’s Minister for Finance, Planning, and Economic Development. The Income Tax (Amendment) Bill 2023 and the Convention on Mutual Administrative…
This Is Premium Content. Subscribe And Save On Unlimited Access With Our Best Offers!
