Uganda: Introduction of Transfer Pricing Rules in Uganda to Boost Tax Man

In the face of mounting pressure from the high level of inflation currently being experienced and the recent price hikes that have hit the Ugandan economy, the Ugandan government, like its other East African counterparts, is in a tight position with regard to revenue generation. It is on this basis that a tax increase targeting obvious tax heads such as Value Added Tax and Personal tax or the traditional corporate income tax was a hard nut to crack for the government in the recent budget speech read by finance minister Maria Kiwanuka titled "Promoting Economic Growth, Job Creation and Improving Service Delivery".