Vat On Imported Services In Uganda
Value-Added Tax (VAT) is payable at point of importation into the Country. Imported goods are liable to VAT at the same rate as applies to similar goods sold within the Country. For example, goods which are zero-rated on sale within the Country are zero-rated at importation.
Vat On Imported Services In Uganda
Imported goods are charged a value added tax (VAT) of 18% and a 15% withholding tax, which is not reclaimable. Combined, these taxes effectively charge a 33% tax on all foreign goods and services. A value-added tax (VAT) is paid at every stage of a product’s production from the sale of the raw materials to its final purchase by a consumer. Each assessment is used to reimburse the previous buyer in the chain. So, the tax is ultimately paid by the consumer. Importation of professional instruments and implements, wearing apparel, domestic animals, and personal household effects except machinery and other goods use in the manufacture and merchandise of any kind in commercial quantity belonging to persons coming to settle in Uganda.
Imported goods are liable to VAT at the same rate as applies to similar goods sold within the Country. For example, goods which are zero-rated on sale within the Country are zero-rated at importation. There are exceptions to this general rule in relation to certain works of art, collectors’ items and antiques. There are three categories of supplies that can be made by a VAT vendor: standard-rated, zero-rated and exempt supplies. The VAT on supplies of goods and services must be paid by the supplier, whereas the importer of goods is responsible for the payment of the import VAT. VAT on imported services must be paid by the recipient. Persons who acquire services from foreign suppliers often omit to pay the VAT on these services.
To calculate the VAT on your shipment, add up the goods value, freight costs, insurance, import duty and any additional costs. Then multiply the total by the destination country’s applicable VAT rate. The result is the amount of VAT you’ll need to pay customs for your shipment. VAT is governed by the VAT Act and administered by the Uganda Revenue Authority (URA). VAT is charged at the rate of 18% on the supply of most goods and services in the course of business in Uganda. Specified goods and services, as well as exports outside of Uganda, attract a zero rate of tax.
Cost Of Vat On Imported Services In Uganda
VAT is charged at the rate of 18% on the supply of most goods and services in the course of business in Uganda. Specified goods and services, as well as exports outside of Uganda, attract a zero rate of tax.
List Of Vat On Imported Services In Uganda
Below Are The Partial List Of Vat On Imported Services In Uganda
Vantage Communications Uganda Limited
13 Bidandi Rd, Bukoto Nsimbiihomwe, Kampala, Uganda
+256 776 544106
Africa Broadcasting (Uganda) Ltd
Crested Towers 12th Floor, Kampala, Uganda
+256 31 2545454
Accounts Plus Uganda Limited
Suite 254, Third floor, Tirupati Mazima Mall, Plot 2530 Ggaba Road, Kampala, Uganda
+256 39 3241504
256 Tax Consultants
Cham Towers, Kampala, Uganda