INDIVIDUAL TAXATION

Non-residents are taxed only on income derived from sources located in Uganda.

RENTAL INCOME
Gross rental income earned by non-residents is taxed separately from other income at a flat rate of 15%.

CAPITAL GAINS
Capital gains realized by non-residents are considered as income and taxed at the standard progressive income tax rates. When computing taxable capital gains, acquisition costs and improvement costs are deductible from the property value at the time of the sale or sales price of the property.

PROPERTY TAX

Property Tax

Property taxes are levied by the local governments and the tax base is the rateable value of the property (which takes into account the nature of the property concerned and value of improvements). The tax rates are determined by the local authorities but a maximum of 2% is prescribed by law.