What Is A Vat Registered Company?
VAT registration is the process of listing your company with the government as active in production and sales. After a company registers for VAT, it’s able to reclaim any VAT paid on company purchases and becomes responsible for, Charging VAT on any goods or services sold (and charging the right amount!)
Below Are The List Of Vat Registered Companies In Uganda
Company Name | Nationality | Tax Contribution (Shs) | ||
1 | MTN Uganda Limited | Telecommunications | 458,706,552,944 | |
2 | Nile Breweries Ltd | Consumer Goods | 197,934,390,207 | |
3 | Airtel Uganda Limited | Telecommunications | 155,141,126,696 | |
4 | Uganda Breweries Ltd | Consumer Goods | 131,009,038,978 | |
5 | Stanbic Bank (U) Ltd | Financials | 102,380,424,743 | |
6 | Tororo Cement Ltd | Construction Materials | 82,252,203,594 | |
7 | Century Bottling Co. Ltd | Consumer Goods | 78,879,404,573 | |
8 | Bujagali Energy Limited | Utilities | 74,975,273,650 | |
9 | Kakira Sugar Limited | Consumer Goods | 70,620,565,962 | |
10 | Umeme Limited | Utilities | 66,307,152,305 | |
11 | Kinyara Sugar Limited | Consumer Goods | 62,498,406,168 | |
12 | Centenary Rural Development Bank Limited | Financials | 61,003,838,681 | |
13 | Sugar Corporation of Uganda Limited | Consumer Goods | 57,277,705,804 | |
14 | Standard Chartered Bank Uganda Limited | Financials | 56,387,929,935 | |
15 | Hima Cement Ltd | Construction Materials | 54,440,445,780 | |
16 | Civil Aviation Authority | Transportation & Logistics | 49,098,386,859 | |
17 | Total E&P Uganda B.V. | Oil & Gas | 44,851,548,338 | |
18 | Crown Beverages Limited | Consumer Goods | 44,507,704,067 | |
19 | British American Tobacco Uganda | Consumer Goods | 42,046,858,109 | |
20 | National Social Security Fund | Public Sector | 35,529,043,912 | |
21 | Uganda Revenue Authority | Public Sector | 33,194,711,411 | |
22 | Bidco Uganda Limited | Consumer Goods | 32,249,143,173 | |
23 | National Water & Sewerage Corporation | Utilities | 31,793,186,098 | |
24 | Barclays Bank (U) Ltd | Financials | 30,006,673,720 | |
25 | CNOOC Uganda Ltd | Oil & Gas | 27,268,149,349 | |
26 | DFCU Bank Limited | Financials | 27,159,408,023 | |
27 | Africell Uganda Limited | Telecommunications | 24,389,713,741 | |
28 | Total Uganda Limited | Oil & Gas & Consumable Fuels | 23,948,558,696 | |
29 | Crane Bank Limited | Financials | 22,853,853,946 | |
30 | The New Vision Printing and Publishing Corporation | Media | 22,491,305,734 | |
31 | Tullow Uganda Operations PTY Limited | Oil & Gas | 20,156,730,917 | |
32 | Diamond Trust Bank Uganda Limited | Financials | 20,045,115,515 | |
33 | MultiChoice Uganda Limited | Media | 18,243,062,975 | |
34 | Leaf Tobacco & Commodities (U) Limited | Consumer Goods | 18,180,931,741 | |
35 | Uganda Electricity Transmission Company Limited | Utilities | 16,922,047,493 | |
36 | Madhvani Group Limited | Conglomerate | 16,074,295,418 | |
37 | Bank of Baroda (U) Limited | Financials | 15,622,716,653 | |
38 | Vivo Energy Uganda Limited | Oil, Gas & Consumable Fuels | 15,589,223,470 | |
39 | Toyota Uganda Limited | Automotive | 15,338,522,921 | |
40 | The Jubilee Insurance Co Ltd | Insurance | 15,073,646,569 | |
41 | Roofings Limited | Iron & Steel | 14,959,068,105 | |
42 | Golf Course Group Limited | Hotels, Restaurants, & Leisure | 14,695,577,977 | |
43 | Makerere University Council | Education | 14,546,427,180 | |
44 | Ericsson AB Uganda Branch | Hardware | 14,145,448,301 | |
45 | Schlumberger Oilfield Eastern Limited | Oil & Gas | 14,051,644,249 | |
46 | TPS (Uganda) Limited | Hotels, Restaurants, & Leisure | 13,440,765,645 | |
47 | Bakhresa Grain Milling Uganda Limited | Industrial Conglomerate | 12,274,355,364 | |
48 | Aggreko International Projects Limited | Utilities | 12,136,887,799 | |
49 | Citibank Uganda Limited | Financials | 11,858,023,322 | |
50 | Rwenzori Bottling Company | Consumer Goods | 11,802,108,453 | |
51 | UAP Insurance Uganda Limited | Insurance | 11,677,047,896 | |
52 | Bank of Africa – Uganda Ltd | Financials | 11,269,443,285 | |
53 | Sadolin Paints (U) Ltd | Chemicals | 11,132,609,038 | |
54 | Uganda Communications Commission | Media | 10,804,229,196 | |
55 | Roofings Rolling Mills Limited | Iron & Steel | 10,789,151,957 | |
56 | Weatherford Services & Rentals Limited | Oil & Gas | 10,488,099,621 | |
57 | Movit Products Limited | Consumer Goods | 10,148,106,107 | |
58 | Baker Hughes Eho Limited | Oil & Gas | 10,142,634,523 | |
59 | AIG Uganda Limited | Insurance | 10,077,361,793 | |
60 | Pride Micro Finance Limited | Financials | 9,759,914,726 | |
61 | Uganda Electricity Distribution Company Limited | Utilities | 9,622,718,678 | |
62 | Apolo Hotel Corporation Limited | Hotels, Restaurants, & Leisure | 9,535,248,552 | |
63 | Nokia Solutions and Networks Branch Operations OY | Telecommunications | 9,327,421,926 | |
64 | JESA Farm Diary Limited | Consumer Goods | 9,112,427,447 | |
65 | Eskom Uganda Limited | Utilities | 9,001,497,663 | |
66 | BRAC Uganda Microfinance Limited | Financials | 8,922,289,758 | |
67 | Uganda Wildlife Authority | Public Sector | 8,000,438,508 | |
68 | KCB Bank Uganda Limited | Financials | 7,707,731,570 | |
69 | Orient Bank Ltd | Financials | 7,645,881,472 | |
70 | Housing Finance Bank Limited | Financials | 7,577,260,607 | |
71 | Bollore Africa Logistics Uganda Limited | Transportation & Logistics | 7,558,688,587 | |
72 | Africa EMS Mpanga Limited | Utilities | 7,406,724,198 | |
73 | Computer Point Ltd | Technology Services | 7,371,846,226 | |
74 | Unilever Uganda Limited | Consumer Goods | 7,357,013,593 | |
75 | Saracen (U) Limited | Commercial Services | 7,229,721,805 | |
76 | Equity Bank Uganda Limited | Financials | 7,139,839,995 | |
77 | Deloitte Uganda Limited | Professional Services | 7,066,451,015 | |
78 | Exalo Drilling S.A. | Energy Equipment & Services | 7,041,983,398 | |
79 | World Vision International Uganda | Non-Profit Organisation | 7,032,097,980 | |
80 | Uganda Telecom Limited | Telecommunications | 7,022,025,852 | |
81 | Huawei Technologies Uganda Co Limited | Technology Services | 6,951,620,426 | |
82 | The Infectious Diseases Institute Limited | Non-Profit Organisation | 6,774,253,796 | |
83 | Security Group Uganda Limited | Commercial Services | 6,696,249,780 | |
84 | International Energy Technik (U) Limited | Industrials | 6,548,714,491 | |
85 | Monitor Publications Limited | Media | 6,545,429,376 | |
86 | Post Bank Uganda Limited | Financials | 6,479,267,514 | |
87 | PricewaterhouseCoopers Limited | Professional Services | 6,457,859,888 | |
88 | Riley Packaging (U) Ltd | Containers & Packaging | 6,213,007,572 | |
89 | Kyambogo University | Education | 6,095,859,827 | |
90 | Ecobank Uganda Limited | Financials | 6,059,478,822 | |
91 | Reynolds Construction Company (Nigeria) Limited | Engineering & Construction Services | 6,052,359,491 | |
92 | DHL Supply Chain International Limited | Transportation & Logistics | 5,989,476,764 | |
93 | TATA Uganda Limited | Automotive | 5,755,075,844 | |
94 | G4S Secure Solutions Uganda Limited | Commercial Services | 5,729,312,701 | |
95 | Hariss International Limited | Consumer Goods | 5,729,109,233 | |
96 | Mukwano Industries (U) Ltd | Consumer Goods | 5,612,247,200 | |
97 | Jacobsen Uganda Power Plant Co. Ltd | Utilities | 5,537,859,343 | |
98 | Britania Allied Industries Limited | Consumer Goods | 5,510,700,314 | |
99 | Uganda Clays Ltd | Construction Materials | 5,455,362,933 | |
100 | Cipla Quality Chemical Industries Limited | Pharmaceuticals & Biotechnology | 5,448,134,055 |
Who Should Be Registered For VAT In Uganda?
You must remember that you need to register for VAT if your VAT taxable turnover in ANY consecutive 12-month period reaches the registration limit – it is not just the level of VAT taxable turnover in your 12-month accounting period that you need to check.
What Are The Disadvantages Of Being VAT Registered In Uganda?
The drawbacks of VAT registration are,
Administrative burden. As a VAT-registered business, there are VAT rules and record keeping requirements you’ll need to comply with.
It makes your goods or services seem more expensive.
You may be faced with an unexpected VAT bill.
What Documents Are Required For VAT Registration In Uganda?
VAT Number.
Main Requirements: (1) Company Registration Documents (2) Business Bank Account (3) Proof you are Trading (4) South African business Address (5) SARS Registered Representative updated at SARS (we can assist)
Timeframe: 48-hours.
What Is The Benefit Of Being VAT Registered In Uganda?
Once registered, you can reclaim for VAT on all goods and services your business buys. This must be balanced with what your business is charging and receiving in VAT payments over the year. If you have invested in equipment, plant, machinery or IT, you may be able to reclaim a large amount of VAT.
Do I Need To Pay VAT As A Small Company In Uganda?
As with limited companies, sole traders have to register for VAT if their annual turnover exceeds the VAT threshold. If your annual turnover falls below the VAT threshold, you don’t need to register for VAT – but you can register voluntarily if you wish.
Do You Pay VAT On Profit Or Turnover In Uganda?
VAT is a tax on business transactions that potentially affects all purchases and sales. It is not a tax on profits. VAT is charged at 20% on most supplies, though some are taxed at either 0 or 5%.
Does It Matter If A Company Is VAT Registered In Uganda?
A company must register for VAT if the supplies made by the company are subject to VAT and either: turnover has exceeded a prescribed figure, the VAT threshold, in the preceding 12 months; or. it is expected that the turnover will exceed the threshold within the forthcoming 30 days.
Do I Have To Charge VAT If I Am Self-Employed In Uganda?
Self-employed people, including freelancers, are subject to the same rules as any business when it comes to being VAT registered. If you meet certain criteria, you’re required to register and begin charging VAT. You may also benefit from registering even before you’re technically required to.