Bill Progress

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.

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

2019-03-28

First Reading/Committee

Bill is in its first stage.

2019-05-07

Second Reading

Bill being discussed for the Second time in the floor of Parliament.

2019-05-07

2019-05-07

Third Reading

Bill is passed by Parliament.

2019-06-06

Presentation/Waiting Assent

Bill is waiting to be assented by the President.

2019-06-06

2019-06-30

Assented by President

Bill is now an Act of Parliament because the President has assented to it.

End

Bill passed on 2019-06-30

Bill is now an Act of Parliament because the President has assented to it.

Bill Withdrawn on

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