Uganda, April 9 -- While presenting the National Budget for the 2024/25 Financial Year, the Minister of State for Finance, Planning and Economic Development (General Duties) accompanied the same with proposed amendments to the various tax laws.

Generally, the tax proposals have drawn mixed reactions among different tax policy analysts, however, that notwithstanding, the proposal to exempt income derived from or by private equity or venture capital funds regulated by the Capital Markets Authority (CMA) will greatly influence and shape the private investment landscape in Uganda.

If this proposal is passed into law, it will significantly reform the taxation framework of private equity and venture capital funds in Uganda, there-by aligning ...