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Ura Rental by michealmulondo74 is a document available to read on EtoBox.
What is Ura Rental about?
The 2022 amendments to the rental tax regime introduce a threshold of UGX 2,820,000, with a 12% tax applied on gross rental income exceeding this amount. Individuals earning UGX 2,820,000 or less pay no tax, while those above the threshold can pay their tax in quarterly installments or monthly via mobile money, simplifying compliance. Companies have no threshold but can deduct 50% of expenses before applying a 30% tax on the remaining income, resulting in an effective tax rate of 15%.
- Author
- michealmulondo74
- Language
- EN