Bill

The Income Tax (Amendment) Bill, 2016  Passed by Parliament

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The bill seeks to amend the Income Tax Act, Cap. 340 to provide for carrying forward of losses in respect to mergers and acquisitions; to provide for the rate of tax payable by a non-resident person deriving rent from Uganda; to exclude public listed companies from the shareholding requirements as regards accessing benefits provided in an international agreement; to amend the definition of petroleum taxation; to impose an obligation on persons employed by diplomatic institutions and institutions with diplomatic privileges to file returns of income with the Uganda Revenue Authority; and for related matters.

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