Overview:
The approval of Value Added Tax Amendment Bill, 2024, paves way for the collection of VAT on donated goods or services given by an employer to an employee, and the increase of the threshold for claiming for refund of overpaid tax from Shs5,000,000 to Shs10M.
President Yoweri Museveni has assented to the Value Added Tax Amendment Bill, 2024, and 18 other Bills recently passed by Parliament.
The approval of Value Added Tax Amendment Bill, 2024, paves way for the collection of VAT on donated goods or services given by an employer to an employee, and the increase of the threshold for claiming for refund of overpaid tax from Shs5,000,000 to Shs10M.
The other Bills assented to by the President include the Income Tax (Amendment) Act, 2024, and the NGO Amendment Bill, which sees the scrapping of the NGO Board and returning of its mandate back to the Ministry of Internal Affairs.
Mr Museveni also assented to the Uganda Wildlife Authority (Amendment) Act, 2024, Uganda Registration Services Bureau (Amendment) Act, 2024, Registration of Persons (Amendment) Act, 2024 and the Trypanosomiasis Control Council (Repeal) Act, 2024.
Also approved are the Agricultural Chemicals (Control) (Amendment) Act, 2024, the Children (Amendment) Act, 2024, the National Youth Council (Amendment) Act, 2024, the Persons with Disabilities (Amendment) Act, 2024, the National Women’s Council (Amendment) Act, 2024, the National Council for Older Persons (Amendment) Act, 2024, the Non-Governmental Organisations (Amendment) Act, 2024, the National Library (Amendment) Act, 2024, and the National Planning Authority (Amendment) Act, 2024.
Others are National Population Council (Repeal) Act, 2024; the Physical Planning (Amendment) Act, 2024, Tax Procedures Code (Amendment) Act, 2024 and the Stamp Duty (Amendment) Act, 2024.
He however returned two Bills to Parliament, for reconsideration. These are the National Commission for UNESCO (Amendment) Bill, 2024 and the Higher Education Students Financing (Amendment) Bill, 2024.