Browsing by Author "Ahabwe, Prosper"
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Item Strengthened audits are a targeted and economically sound solution.(New Vision, 2026-04-30) Ahabwe, ProsperFor decade, Uganda's income tax system has followed a clear principle: income tax is levied on profits, not on losses. Businesses that incur losses - whether due to high operating costs, heavy capital investment, or accelerated capital allowances-are not taxed until they return to profitability.