News and Updates

As Uganda’s Parliament continues its scrutiny of the tax amendment bills for Financial Year 2026/2027, voices from the private sector, civil society, and professional bodies are weighing in with concerns and recommendations. The proposed tax measures — spanning income tax, excise duty, VAT, stamp duty, and external trade — have sparked a robust national conversation about their potential consequences for businesses, consumers, and the broader economy. This post examines the real-world impact of the key proposals currently before Parliament.

The Ugandan government has tabled a series of ambitious tax bills for the 2026/2027 financial year, aiming to raise UGX 4.8 trillion in additional domestic revenue to fund an expanded national budget of UGX 84.2 trillion. Tabled by the Minister of State for Finance, Planning and Economic Development (General Duties), Hon. Henry Musasizi, during plenary on 1 April 2026, the proposals represent a broad-based revenue mobilization drive anchored on reducing Uganda’s reliance on external borrowing.