Uganda - Apply for Corporate Profit Tax and Gains Tax

Advertisement

Procedure

Apply In-Person:

1. Visit the Office of Uganda Revenue Authority. To make the payment of the corporate profit tax and capital gains.
2. Bring and present the required documents to the revenue officer. These documents have been mentioned in the required documents section of this page.
   • They Include:-

   • Tax Identification certificate;
   • Proof of income
   • Audited accounts.
   • Business registration certificate;
   • Articles and Memorandum of Association

3. You will be given a corporate profit tax and capital application form to fill. The tax revenue officer will assess the application and determine any tax payable.
4. The revenue officer will direct you to the cashier to pay any tax due .
5. After payment any outstanding tax you will be can be issued with a Company Tax Clearance Certificate.

Advertisement

Required Documents

• A copy of certificate of incorporation.
• List of staff and their annual salaries.
• The Directors Tax Clearance Certificates (now Electronic Tax Clearance Certificate)
• Letter of application for registration.

Office Locations & Contacts

Uganda Revenue Authority - Head Office,
Physical address: Plot M193/M194,
Nakawa Industrial Area
Kampala, Uganda
P.O. Box 7279,
Kampala, Uganda
Toll Free Number: (256) 800117000
Email:[email protected]
Website: Link

Eligibility

• Corporate entities operating in Uganda are eligible for this service.

Fees

• Corporate income tax up to net profit 10,000,000 20%
• Corporate income tax net profit over 10,000,000 25%
• Capital gains tax 20%
• Branch tax 20%
• Withholding tax
• Dividends 0%
• Interest 20%(1)
• Royalties from patents, know-how, etc. 20%(1)
• Certain services provided from non-resident entities 20%(1)
• Branch remittance tax 0%
• Net operating losses (years)
• Carry back 3 years.
• Losses incurred in long-term projects can be carried back within the same project with no limits.
• Carry forward 5 years
• Final tax imposed on gross payments. The rate may be reduced under a tax treaty.

Validity

• 12 months

Documents to Use

Please attach documents that can be used by people. e.g. links

Sample Documents

Please attach sample completed documents that would help other people.

Processing Time

• Processing takes 5 days

Related Videos

Videos explaining the procedure or to fill the applications. 
Attach videos using the following tag <&video type='website'>video ID|width|height<&/video&> from external websites. 	
Please remove the '&' inside the tags during implementation.
Website = allocine, blip, dailymotion, facebook, gametrailers, googlevideo, html5, metacafe, myspace, revver, 
sevenload, viddler, vimeo, youku, youtube
width = 560, height = 340, Video ID = Can be obtained from the URL of webpage where the video is displayed.
e.g In the following url 'http://www.youtube.com/watch?v=Y0US7oR_t3M' Video ID is 'Y0US7oR_t3M'.

Instructions

Please provide other instructions related to the certificate/documents.
e.g. The state office holds birth records since january 1908.

Required Information

• Name of Taxpayer
• Company name
• Taxpayer Identification Number
• Business Name or Trade Name of Taxpayer
• Bank Details
• Name of Bank
• Bank branch
• Account Number
• Total Income Chargeable Income Total Tax Payable

Need for the Document

Capital Gains Tax (CGT)

• This is a tax chargeable on the whole of a gain which accrues to a company or an individual upon transfer of property situated in Uganda, whether or not the property was acquired before the January, 2014. It took effect on 1st January 2014.
• A non-resident who becomes a resident person will be deemed to have acquired all assets other than those owned by such an individual, at the time of becoming a resident. Therefore such an individual must pay 30% of capital gain tax.

Corporation Tax

• This is a form of Income Tax that is levied on corporate bodies such as Limited companies, Trusts, and Co-operatives, on their annual income.
• Companies that are based outside Uganda but operate in Uganda or have a branch in Uganda pay Corporation Tax on income accrued within Uganda only.

Information which might help

• Capital gains tax arises from the disposal of a business asset, such as stock investments, land and buildings. Disposal of an asset occurs when an asset has been sold, exchanged or transferred by the taxpayer. A capital gain is calculated as the total sale price minus the original cost of the asset.
• A standard 30% income tax rate is imposed on corporations. This applies to both resident and non-resident corporations. A company is resident in Uganda if it is incorporated or formed under Ugandan law, if it has management and control of its affairs exercised in Uganda or if the majority of its operations are carried out in the country during the taxation year. Residents are taxed on their worldwide income whereas non- residents are taxed only on income sourced in Uganda.
• In the case of non-resident corporations, in addition to payment of the standard 30% corporate tax, a withholding tax rate of 15% is levied on a branch of a foreign company on the profit repatriated to the head office.

Other uses of the Document/Certificate

Please explain what are other uses of obtaining this document/certificate.
e.g. Birth Certificate can be used as proof of identity.

External Links

• External Link

Others

More information which might help people.