Insights

All companies registered with the Uganda Registration Services Bureau (URSB) are required to pre- pare and file Annual returns with URSB in accordance with Sections 132 and 133 of the Companies Act, 2012. Annual Returns show the changes that have been made in the company during the previ- ous year, such as shareholding, membership, directorship and the company’s registered office, sec- retary, among others.

On 30th March 2023, amendment bills to the Income Tax Act, Value Added Tax Act, Tax Procedures Code Act, and Excise Duty Act were gazetted. This is the first step before the bills are presented for debate in parliament, passed and signed into law.

International beneficial ownership standards from the
Financial Action Task Force (FATF) and the Eastern and
Southern Africa Anti-Money Laundering Group (ES-
AAMLG) have fed into national efforts to strengthen
beneficial ownership transparency.

Anti -Money laundering is governed by the Anti-money laundering Act of 2013 as amended together with its regulations. The act lays down strategies that must

In order for an NGO to legally operate in Uganda, it needs a valid permit of operation, obtained from the National Bureau of Non-Governmental Organizations.

An annual return is a yearly snapshot of an NGO’s activities to the NGO Bureau. The law requires that all Non-Governmental Organizations submit an annual return to the NGO Bureau