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Sarah Chelangat, the outgoing Commissioner for Domestic Taxes at the Uganda Revenue Authority (URA), has rejoined Ernst & Young (EY) as Partner after nearly four years of public service. Her return to the global tax advisory powerhouse comes on the back of a successful tenure at URA, where she spearheaded reforms and delivered record-breaking revenue collections, positioning Uganda firmly on the path of fiscal self-reliance. During the Financial Year 2024/25, URA under her leadership collected UGX 21.3 trillion against a target of UGX 21.1 trillion—achieving 100.7 percent performance. This included a surplus of UGX 131.78 billion and a robust year-on-year…
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First of all, what is estate planning? Estate planning encompasses determining how your assets Will be preserved, managed, and distributed after your death or if you become incapacitated. Every family business needs to undertake succession and estate planning to ensure their businesses Will survive from one generation to the next. What Does Estate Planning Involve? In East Africa estate planning is most often done through making Wills and /or setting up a Trust(s). A Will is a written legal document detailing, amongst others, a testator’s wishes of what should happen after his/her death, listing the assets they own, and how they…
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To ensure business stability and continuity in the event of the death of the founder as well as preserve intergenerational wealth, business owners/founders have been urged to prioritise estate planning. Estate planning, according to Sim Katende, Corporate & Commercial lawyer and Partner at Katende, Ssempebwa & Co. Advocates, Solicitors & Legal Consultants (KATs), “encompasses determining how your assets will be preserved, managed, and distributed after your death or if you become incapacitated”. “Every family business needs to undertake succession and estate planning to ensure their businesses Will survive from one generation to the next,” Sim Katende told stakeholders at a…
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