Object of the Bill
The object of this Bill is to provide for—
(a) the taxation of income of airlines;
(b) the exemption of the business income of persons derived from operating and managing educational institutions;
(c) the exemption of tax on payment of interest on deposit auction funds issued by Bank of Uganda for the purposes of liquidity management;
(d) incentives to persons involved in agro-processing;
(e) the deduction of local service tax;
(f) the taxation of petroleum operations;
(g) use of information technology in tax formalities and procedures.
Bill Document
Other Attachments
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Laws of Uganda (Acts) - THE INCOME TAX (AMENDMENT) ACT 2008 (1).pdf
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The Income tax (Amendment) Bill, 2008
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
The bill is still at First Reading, and the first stage of a bill is a passage through the floor of parliament. This stage is usually a formality, primarily focusing on introducing the Bill to the Parliament. It takes place without debate, and the first reading of a Bill can occur anytime in a parliamentary session. The significance of this stage lies in the fact that it marks the formal introduction of the Bill to the Parliament, setting the stage for further discussions and debates.
Second Reading
The Bill has now progressed to the Second Reading, a stage that offers the first opportunity for MPs to engage in a democratic debate on the main principles of the Bill. This stage, which usually takes up to 45 days after the first reading, allows for thorough discussion and ensures that all voices are heard. Once the second reading is complete, the Bill moves to the committee stage, where each clause and any amendments to the Bill may be debated, further highlighting the democratic nature of the process.
Third Reading
Parliament has passed the Bill. The third reading is the final chance for the Members of Parliament to debate its contents. Here, the debate is usually short and limited to what is actually in the Bill rather than, as at the second reading, what might have been included.
Presentation/Waiting Assent
The Bill is now awaiting the Presidents assent, a crucial step in its journey. When the Floor of Parliament has passed a Bill, it is presented to the President, who carefully reviews it, considering its implications and ensuring it aligns with the governments policies and the Constitution. The Presidents assent is the final step in the Bills journey, marking its transition from a proposed law to an enacted one, underscoring this decisions importance in the legislative process.
Assented by President
At this crucial point, the Bill has transformed into an Act of Parliament, marking a significant milestone in its journey. However, it requires the Presidents assent before it can be enacted into law. This act of consent, a formal agreement by the State, represents the final step in the Bills process, underscoring the pivotal role of the President in the legislative process and the importance of checks and balances in our democratic system.
End
Bill passed on 18/10/2008
At this crucial point, the Bill has transformed into an Act of Parliament, marking a significant milestone in its journey. However, it requires the Presidents assent before it can be enacted into law. This act of consent, a formal agreement by the State, represents the final step in the Bills process, underscoring the pivotal role of the President in the legislative process and the importance of checks and balances in our democratic system.
Bill Withdrawn on 01/01/1970