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Tax Implications of Leasehold Land in Uganda by joelljeff is a document available to read on EtoBox.

What is Tax Implications of Leasehold Land in Uganda about?

The Uganda Revenue Authority (URA) has issued a directive stating that leasehold land rental and premium payments are non-deductible for income tax purposes, raising concerns about its impact on foreign investment competitiveness. The directive contradicts international accounting standards and previous legal interpretations that allowed for deductions, leading to potential tax disputes. It is recommended that URA reevaluates its position to consider the economic substance of leases rather than a strict leg

Author

joelljeff

Language

EN