Strengthened audits are a targeted and economically sound solution.
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Date
2026-04-30
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Publisher
New Vision
Abstract
For 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.
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Newspaper Article
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Citation
Ahabwe, P. (2026). Strengthened audits are a targeted and economically sound solution. New Vision.