Uganda Revenue Authority targets people who sell land for higher tax collections. Commissioner General John Musinguzi says land sales generate major money for government budgets. Sellers must pay 30 percent income tax on gains over 150 million shillings from business deals. Value Added Tax applies when properties qualify as commercial or part of regular trading activities. Buyers pay 1.5 percent stamp duty based on transaction values during purchases.
URA wants sellers to document agreements properly and request early tax assessments. The agency focuses on real estate because urban growth and investment speculation drive rapid sector expansion. Officials claim many land deals were hidden from tax systems or under-reported completely. Digital monitoring technology from Global Voices Group helps track property sales more effectively. Closer cooperation with lands registry brings more transactions under formal tax oversight for better revenue collection.
URA wants sellers to document agreements properly and request early tax assessments. The agency focuses on real estate because urban growth and investment speculation drive rapid sector expansion. Officials claim many land deals were hidden from tax systems or under-reported completely. Digital monitoring technology from Global Voices Group helps track property sales more effectively. Closer cooperation with lands registry brings more transactions under formal tax oversight for better revenue collection.
