Object of the Bill
The object of this Bill is to provide for—
(a) exemption from taxation of the income of airlines and the income of a person derived from the exportation of finished consumer and capital goods for a period of ten years.
(b) the deduction of debt incurred in respect of loans to the Agriculture sector;
(c) the tax payable by a non resident person carrying on the business of transmitting messages by cable, radio, optical fibre or satelite communication, or from providing direct-to-home pay television services to subscribers in Uganda to be a final tax;
(d) the tax withheld on a payment of interest on Government securities other than on Treasury Bill by the Bank of Uganda to any person or by a financial institution to a resident individual to be a final tax;
(e) to prescribe a penalty for a person who fails to furnish a return of income for a year of income within the time required by the Act; and
(f) related matters.
Document
3952The_Income_Tax_(Amendment)_Bill,_2007.pdf
The Income Tax (Amendment) Bill 2007
Sponsored By Hon. Dr. Ezra Suruma (Minister of Finance, Planning and Economic Development)
Committee: The Committee on Finance, Planning and Economic Development
Start
First Reading/Committee
Second Reading
Third Reading
Presentation/Waiting Assent
Assented by President
End
Bill passed on
Bill Withdrawn on