Uganda presented tax breaks and duty exemptions to attract Gulf capital at a business conference held on Tuesday at Speke Resort Munyonyo. Peter Muramira from the Uganda Investment Authority told delegates that agro-processors receive a 10-year income tax holiday when operating within designated industrial zones. The government waives import charges for agricultural machinery and manufacturing equipment.
Exporters shipping 80 percent of their output abroad qualify for a decade-long tax break under rules designed to position Uganda as a regional production hub. Tourism operators avoid duties when importing vehicles and hotel furnishings as authorities rebuild the hospitality sector. Accommodation providers in rural lodges are not subject to value-added tax obligations.
Muramira said Uganda's position at the continental center gives investors access to trade agreements with East African and COMESA member states. Officials developed master plans for industrial parks offering infrastructure connections to neighboring markets.
Exporters shipping 80 percent of their output abroad qualify for a decade-long tax break under rules designed to position Uganda as a regional production hub. Tourism operators avoid duties when importing vehicles and hotel furnishings as authorities rebuild the hospitality sector. Accommodation providers in rural lodges are not subject to value-added tax obligations.
Muramira said Uganda's position at the continental center gives investors access to trade agreements with East African and COMESA member states. Officials developed master plans for industrial parks offering infrastructure connections to neighboring markets.
