Investment Policy Monitor
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UNCTAD has been collecting information on changes in national foreign direct investment (FDI) policies on an annual basis since 1992. This collection has provided input to the analysis of global and regional investment policy trends in the World Investment Report, the Investment Policy Monitors and the UNCTAD-OECD Reports on G20 Measures.
In 2024, to further strengthen the quality of reporting, UNCTAD revised the methodology of monitoring investment policy measures. and revised the measures going back to 2012 accordingly.
The Investment Policy Monitor provides the international investment community with country-specific, up-to-date information about the latest developments in foreign investment policies.
Through its monitoring of investment policy changes, UNCTAD offers cutting-edge and innovative contributions to investment policy discourse, and contributes to preparing the ground for future policymaking in the interest of making foreign investment work for sustainable development.
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The UNCTAD's Investment Policy Monitor database include official measures affecting FDI adopted by United Nations Member States. These encompass measures explicitly targeting FDI (FDI-specific), as well as general investment measures with a clear impact on foreign investment (FDI-related). The measures are either reported directly to UNCTAD by Member States through annual surveys or identified by UNCTAD researchers through publicly accessible sources (such as government websites and specialized policy databases). The classification of measures as more or less favourable is based solely on their potential impact on investors.
Note: Measures are verified, to the fullest extent possible, by referencing government sources. The compilation of measures is not exhaustive.
Disclaimer: the boundaries and names shown and the designations used on this map do not imply official endorsement or acceptance by the United Nations.
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- Uganda - Introduces tax reforms to encourage investment
Uganda
Introduces tax reforms to encourage investment
04 Jul 2024On 13 June 2024, the Minister of Finance, Planning and Economic Development of Uganda presented the National Budget for the 2024/25 financial year. The Budget includes, inter alia, provisions for the Income Tax (Amendment) Act, 2024. The Amendment introduces several changes with significant implications for investors:
(i) A 5 per cent tax will be imposed on gains from the disposal of non-business assets, to be paid within 15 days after disposal. This reduces the tax rate from the current approximately 30 per cent for certain assets.
(ii) Exemption from tax is provided for gains from the disposal of investment interests in registered venture capital funds or private equity.
(iii) Expansion of exempt income categories for qualifying investments in industrial parks, free zones, and other specified business activities meeting certain investment thresholds.
These amendments aim to attract investment, improve tax compliance, and align Uganda's tax system with international best practices.
The President approved the Budget on 4 July 2024.
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Type:
- Promotion and facilitation (Investment incentives, Special economic zones)
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Industry:
- Not industry specific
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Sources:
- KPMG, Uganda Budget Brief 2024/2025 - KPMG International, https://assets.kpmg.com/content/dam/kpmg/ke/pdf/tax/2024/Uganda%202024-2025%20Budget%20Brief.pdf, 13 Jun 2024
- Government portal, Bill No. 52 Income Tax (Amendment) Bill 2024, https://www.parliament.go.ug/sites/default/files/The%20Income%20Tax%20%28Amendment%29%20Bill%2C%202024.pdf, 27 Mar 2024
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UNCTAD has been collecting information on changes in national foreign direct investment (FDI) policies on an annual basis since 1992. This collection has provided input to the analysis of global and regional investment policy trends in the World Investment Report, the Investment Policy Monitors and the UNCTAD-OECD Reports on G20 Measures.
In 2024, to further strengthen the quality of reporting, UNCTAD revised the methodology of monitoring investment policy measures. and revised the measures going back to 2012 accordingly.
The Investment Policy Monitor provides the international investment community with country-specific, up-to-date information about the latest developments in foreign investment policies.
Through its monitoring of investment policy changes, UNCTAD offers cutting-edge and innovative contributions to investment policy discourse, and contributes to preparing the ground for future policymaking in the interest of making foreign investment work for sustainable development.
-
The UNCTAD's Investment Policy Monitor database include official measures affecting FDI adopted by United Nations Member States. These encompass measures explicitly targeting FDI (FDI-specific), as well as general investment measures with a clear impact on foreign investment (FDI-related). The measures are either reported directly to UNCTAD by Member States through annual surveys or identified by UNCTAD researchers through publicly accessible sources (such as government websites and specialized policy databases). The classification of measures as more or less favourable is based solely on their potential impact on investors.
Note: Measures are verified, to the fullest extent possible, by referencing government sources. The compilation of measures is not exhaustive.
Disclaimer: the boundaries and names shown and the designations used on this map do not imply official endorsement or acceptance by the United Nations.