Bill Progress

Object of the Bill

The object of the Bill is to amend the income tax act cap.340 to  provide for the exemption from payment of income tax on income  accrued by a body established  an Act of Parliament to regulate the  conduct of professionals; to provide for the exemption from tax of the  income of Bujagali hydro power project up to the year 20333; to  provide for deduction of initial allowance for certain capital  investments outside a radius of fifty kilometers from Kampala; to  provide for transactions between associates to reflect the chargeable  income realized in an arm’s length transaction; to empower the  minister to issue estimates of rent for the purposes of assessing rental  tax; to provide for withholding tax on winnings of sports betting or  pool betting; to provide for advance tax in respect of specified transport services; to provide for a requirement to report financial transactions; to provide for a limit on the interest payable on unpaid tax; to provide for a rate of withholding tax on winnings from gaming and pool betting; to and the formula for assessing the value of the  benefit a vehicle provided to an employee wholly or partly for a private purpose; and for related matters.

Other Attachments

1 Income Tax (Amendment) Act 2017.pdf
Title: Income Tax (Amendment) Act, 2017
Author: Parliament of the Republic of Uganda
2 FPED3-17- Report on the Income Tax (Amendment) Bill, 2017.pdf
Title: FPED3-17- Report on the Income Tax (Amendment) Bill, 2017
Author: Parliamentary Committee on Finance, Planning and Economic Development

The Income Tax (Amendment) Bill, 2017,

Sponsored By Hon. Matia Kasaija (Minister of Finance, Planning and Economic Development)

Committee: The Committee on Finance, Planning and Economic Development

Start

09/02/2017

First Reading/Committee

Bill is still at First Reading, the first reading being the first stage of a Bill passage through the Floor of Parliament and is usually a formality, it takes place without debate, and the first reading of a Bill can occur anytime in a parliamentary session.

09/05/2017

Second Reading

Bill is in the second stage. The second reading is the first opportunity for MPs to debate the main principles of the Bill. It usually takes place up to 45 days after the first reading.

09/05/2017

09/05/2017

Third Reading

Parliament is passing the Bill. The third reading is the final chance for the Members of Parliament to debate the contents of a Bill. Here debate on the Bill is usually short and limited to what is actually in the Bill rather than, as at the second reading, what might have been included.

01/06/2017

Presentation/Waiting Assent

Waiting for Assent. Bill is waiting for the President to assent to it. When the Floor of Parliament has passed a Bill, it shall be presented to the President, and the President shall declare either that he assents to the Bill or that he withholds assent.

01/06/2017

29/06/2017

Assented by President

The Bill is now an Act of Parliament. When a Bill has completed all its parliamentary stages on the floor of Parliament, it must have President Assent before becoming an Act of Parliament (law). President Assent is the State agreement to make the Bill into an Act and it is a formality.

End

Bill passed on 29/06/2017

The Bill is now an Act of Parliament. When a Bill has completed all its parliamentary stages on the floor of Parliament, it must have President Assent before becoming an Act of Parliament (law). President Assent is the State agreement to make the Bill into an Act and it is a formality.

Bill Withdrawn on 01/01/1970

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