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Social Enterprise Taxation in Uganda – Defining A Charitable Institution for Purposes of Exemption from Income Tax

Yunus Social Business Foundation Uganda Limited (YUNUS) is a company limited by guarantee that provides concessional and soft loans, strategic and other support to social businesses in Uganda with the aim of alleviating poverty and related social and environmental problems. YUNUS is part of the Yunus Social Business Germany which is registered as a charity in Germany and is exempt for income tax purposes in that country. As part of its activities in Uganda, YUNUS lends money to businesses proven to have a social impact, the money is repayable with interest and in most cases, YUNUS requires borrowers to provide security.

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