Object of the Bill
Thc object of this Bill is to amend the Income Tax Act, Cap. 340 to provide for the definition of beneficial owner; to reduce the threshold required for a tax exemption; to provide for withholding tax by a seller of a business or business asset; to provids for an offence and a penalty for failure to obtain a taxpayer identification number from a licensee; and for other related matters.
Bill Document
Other Attachments
The Income Tax (Amendment) Bill, 2019
Sponsored By Hon. Matia Kasaija (Minister of Finance, Planning and Economic Development)
Committee: The Committee on Finance, Planning and Economic Development
Start
First Reading/Committee
Bill is in its first stage.
Second Reading
Bill being discussed for the Second time in the floor of Parliament.
Third Reading
Bill is passed by Parliament.
Presentation/Waiting Assent
Bill is waiting to be assented by the President.
Assented by President
Bill is now an Act of Parliament because the President has assented to it.
End
Bill passed on 30/06/2019
Bill is now an Act of Parliament because the President has assented to it.
Bill Withdrawn on 01/01/1970