For income tax purposes is a resident taxpayer whose gross turnover from all businesses owned by such a person in a year is above ten million shillings but is less than one hundred and fifty million shillings but is less than one hundred and fifty million shillings. The term turnover refers to ones total sales in a year.
| Individual: National ID or two identifications (Passport, Village Id, Employment Id, Driver’s Permit or Bank Statement) | Sole proprietor: Certificate of registration, Statement of particulars | Company: TINs of directors, Certificate of Registration or Incorporation, Company form 7 |
NB. Please note that your company must already be registered by Uganda Registration Services Bureau (URSB)
A person in this category shall be taxed as per the rates below unless that person elects by notice in writing to the Commissioner for their tax to be calculated by applying relevant rates of tax administered after ascertaining chargeable income.
| GROSS TURNOVER | TAX PAYABLE | |
| With Records | Without Records | |
| Gross turnover does not exceed shs10 million | Nil | Nil |
| Gross turnover exceeds shs.10 million but does not exceed shs.30 million | 0.4% of annual turnover in excess of 10 million | Shs.80,000 |
| Gross turnover exceeds shs30 million but does not exceed shs.50 million | Shs80,000 plus 0.5% of annual turnover in excess of 30 million | Shs.200,000 |
| Gross turnover exceeds shs50 million but does not exceed shs80 million | Shs.180,000 plus 0.6% of annual turnover in excess of shs.50 million | Shs.400,000 |
| Gross turnover exceeds shs80 million but does not exceed shs150million | Shs360,000 plus 0.7% of annual turnover in excess of shs.80 million | Shs.900,000 |
a) The tax paid by the presumptive taxpayer shall be a final tax on the business income of a taxpayer
b) No deductions shall be allowed for expenditures or losses incurred in the production of business income and;
c) No tax credits are allowed to reduce the tax payable on the business income except withholding tax credit and provisional tax paid on amounts included in the gross annual income of the taxpayer
d) A taxpayers with no record shall pay a fixed cost while those with a record shall pay tax as a percentage of the annual turnover.
Go to URA website; ura.go.ug, under e-services and select payment registration. Select tax type ie income tax – small businesses.
Insert your TIN, email address and telephone number. Input the amount applicable to you basing on the brackets above, select the mode
of payment (bank, mobile money, EFTetc) and register the payment. Ensure that you pay the assessed amount. You can contact any of our offices for assistance
This information is strictly for guidance to our
clientele and is subject to change on amendment of tax laws and other regulations governing tax administration.
